Jump Financial LLC Lowers Stake in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Jump Financial LLC has significantly reduced its holdings in A-Mark Precious Metals by 58.2%, selling 12,193 shares and ending with a total of 8,760 shares valued at $222,000.
• Several other institutional investors have also adjusted their stakes, with some like CWM LLC and GAMMA Investing LLC drastically increasing their holdings by over 1,192% and 11,170%, respectively.
• A-Mark Precious Metals' average rating among analysts is currently a "Hold", with a consensus price target of $33.00, despite recent adjustments in price objectives and ratings.

Jump Financial LLC lessened its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 58.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,760 shares of the company's stock after selling 12,193 shares during the period. Jump Financial LLC's holdings in A-Mark Precious Metals were worth $222,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. New York State Teachers Retirement System purchased a new stake in A-Mark Precious Metals in the first quarter valued at approximately $41,000. CWM LLC raised its holdings in shares of A-Mark Precious Metals by 1,192.3% in the first quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after buying an additional 2,015 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of A-Mark Precious Metals during the first quarter worth $70,000. AlphaQuest LLC boosted its holdings in shares of A-Mark Precious Metals by 556,900.0% in the first quarter. AlphaQuest LLC now owns 5,570 shares of the company's stock valued at $141,000 after acquiring an additional 5,569 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of A-Mark Precious Metals by 11,170.5% in the first quarter. GAMMA Investing LLC now owns 6,875 shares of the company's stock valued at $174,000 after acquiring an additional 6,814 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $33.00.

A-Mark Precious Metals Price Performance

Shares of AMRK traded down $0.03 during mid-day trading on Friday, reaching $23.84. 209,396 shares of the company's stock were exchanged, compared to its average volume of 188,589. 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, Inc. has a 52-week low of $19.39 and a 52-week high of $47.39. The company has a market cap of $586.94 million, a price-to-earnings ratio of 16.11 and a beta of 0.16. The company has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $23.36.

A-Mark Precious Metals Announces Dividend

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