Invenomic Capital Management LP Invests $8.55 Million in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Invenomic Capital Management LP has invested approximately $8.55 million in A-Mark Precious Metals, acquiring 337,075 shares, which represents 1.46% ownership of the company.
• Institutional investors control 75.25% of A-Mark Precious Metals' stock, with multiple funds increasing their stakes during the recent quarters.
• A-Mark Precious Metals announced a quarterly dividend of $0.20 per share, yielding an annualized 3.4% rate, with a payout ratio of 54.05%.

Invenomic Capital Management LP bought a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 337,075 shares of the company's stock, valued at approximately $8,552,000. Invenomic Capital Management LP owned 1.46% of A-Mark Precious Metals as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in A-Mark Precious Metals by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company's stock valued at $275,000 after buying an additional 456 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of A-Mark Precious Metals by 6.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 8,405 shares of the company's stock valued at $213,000 after purchasing an additional 485 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of A-Mark Precious Metals by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 27,640 shares of the company's stock valued at $757,000 after purchasing an additional 782 shares during the period. Schonfeld Strategic Advisors LLC raised its holdings in shares of A-Mark Precious Metals by 19.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the company's stock valued at $227,000 after purchasing an additional 1,379 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of A-Mark Precious Metals by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,982 shares of the company's stock valued at $329,000 after purchasing an additional 1,406 shares during the period. Institutional investors and hedge funds own 75.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMRK. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. DA Davidson dropped their target price on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, A-Mark Precious Metals has an average rating of "Hold" and an average target price of $33.00.

A-Mark Precious Metals Stock Up 0.1%

A-Mark Precious Metals stock opened at $23.87 on Friday. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $47.39. The firm has a 50 day moving average price of $22.67 and a 200-day moving average price of $23.44. The company has a market capitalization of $587.68 million, a P/E ratio of 16.13 and a beta of 0.16. The company has a quick ratio of 0.39, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, July 18th. A-Mark Precious Metals's dividend payout ratio is presently 54.05%.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.

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