Nations Financial Group Inc. IA ADV Makes New $2.48 Million Investment in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Nations Financial Group Inc. IA ADV invested approximately $2.48 million in A-Mark Precious Metals, acquiring 97,745 shares during the first quarter.
• A-Mark Precious Metals recently announced a quarterly dividend of $0.20 per share, reflecting an annualized yield of 3.4%.
• Hedge funds and institutional investors own about 75.25% of A-Mark Precious Metals, indicating significant institutional interest in the company.

Nations Financial Group Inc. IA ADV acquired a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 97,745 shares of the company's stock, valued at approximately $2,480,000. Nations Financial Group Inc. IA ADV owned about 0.42% of A-Mark Precious Metals as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of A-Mark Precious Metals by 3.9% in the 1st quarter. American Century Companies Inc. now owns 1,253,689 shares of the company's stock worth $31,806,000 after purchasing an additional 47,616 shares during the last quarter. Vanguard Group Inc. increased its position in shares of A-Mark Precious Metals by 12.4% during the first quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company's stock worth $29,245,000 after acquiring an additional 127,072 shares in the last quarter. Invesco Ltd. increased its position in shares of A-Mark Precious Metals by 120.5% during the first quarter. Invesco Ltd. now owns 524,342 shares of the company's stock worth $13,303,000 after acquiring an additional 286,512 shares in the last quarter. Geode Capital Management LLC increased its position in shares of A-Mark Precious Metals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 437,464 shares of the company's stock worth $11,989,000 after acquiring an additional 5,672 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of A-Mark Precious Metals by 33.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 330,145 shares of the company's stock worth $8,376,000 after acquiring an additional 83,635 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMRK. DA Davidson decreased their target price on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. B. Riley decreased their price objective on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $33.00.

A-Mark Precious Metals Price Performance

AMRK stock traded down $0.60 during mid-day trading on Thursday, hitting $22.21. The stock had a trading volume of 91,882 shares, compared to its average volume of 255,483. The company has a current ratio of 1.56, a quick ratio of 0.39 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 firm has a market capitalization of $546.81 million, a P/E ratio of 14.96 and a beta of 0.14. The firm has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $23.81.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Friday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. A-Mark Precious Metals's payout ratio is 54.05%.

Insider Activity

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 48.64% of the company's stock.

A-Mark Precious Metals Profile

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.