Millennium Management LLC Reduces Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Millennium Management LLC reduced its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,848 shares of the company's stock after selling 28,517 shares during the period. Millennium Management LLC owned about 1.24% of A-Mark Precious Metals worth $7,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Coppell Advisory Solutions LLC lifted its stake in shares of A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock valued at $53,000 after purchasing an additional 806 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of A-Mark Precious Metals by 446.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after purchasing an additional 1,840 shares during the period. Ancora Advisors LLC lifted its stake in shares of A-Mark Precious Metals by 2,013.1% in the 4th quarter. Ancora Advisors LLC now owns 7,121 shares of the company's stock valued at $195,000 after purchasing an additional 6,784 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $200,000. Finally, SG Americas Securities LLC lifted its stake in shares of A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock valued at $206,000 after purchasing an additional 949 shares during the period. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

NASDAQ AMRK traded up $0.16 on Friday, hitting $19.92. The company had a trading volume of 224,521 shares, compared to its average volume of 307,747. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $47.39. The company has a market capitalization of $490.53 million, a PE ratio of 9.72 and a beta of 0.32. The company's fifty day moving average price is $22.92 and its 200-day moving average price is $26.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.66 billion. As a group, analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals's payout ratio is 54.05%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMRK shares. B. Riley cut their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. DA Davidson cut their price target on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Northland Securities cut their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th.

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.