Nations Financial Group Inc. IA ADV Invests $2.48 Million in A-Mark Precious Metals, Inc. (NASDAQ: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 purchased a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,745 shares of the company's stock, valued at approximately $2,480,000. Nations Financial Group Inc. IA ADV owned approximately 0.42% of A-Mark Precious Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in A-Mark Precious Metals during the first quarter worth $41,000. Coppell Advisory Solutions LLC boosted its holdings in A-Mark Precious Metals by 72.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock worth $53,000 after buying an additional 806 shares in the last quarter. CWM LLC boosted its holdings in A-Mark Precious Metals by 1,192.3% during the first quarter. CWM LLC now owns 2,184 shares of the company's stock worth $55,000 after buying an additional 2,015 shares in the last quarter. NBC Securities Inc. purchased a new stake in A-Mark Precious Metals during the first quarter worth $70,000. Finally, GAMMA Investing LLC boosted its holdings in A-Mark Precious Metals by 11,170.5% during the first quarter. GAMMA Investing LLC now owns 6,875 shares of the company's stock worth $174,000 after buying an additional 6,814 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on AMRK shares. B. Riley lowered their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. DA Davidson decreased their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, 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.

A-Mark Precious Metals Stock Performance

AMRK opened at $23.44 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. The company has a market cap of $577.21 million, a price-to-earnings ratio of 15.84 and a beta of 0.14. A-Mark Precious Metals, Inc. has a 52-week low of $19.39 and a 52-week high of $47.39. The firm's fifty day simple moving average is $22.12 and its two-hundred day simple moving average is $23.90.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, July 18th were given a $0.20 dividend. 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 54.05%.

Insider Activity at A-Mark Precious Metals

In other news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $20.68, for a total value of $103,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 48.64% of the stock is owned by company insiders.

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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