Quantbot Technologies LP Takes $409,000 Position in A-Mark Precious Metals, Inc. $AMRK

Key Points

• Quantbot Technologies LP acquired a new position in A-Mark Precious Metals, purchasing 16,141 shares valued at approximately $409,000.
• Institutional investors now own 75.25% of A-Mark Precious Metals, with several firms increasing their stakes significantly during the first quarter.
• A-Mark Precious Metals declared a quarterly dividend of $0.20 per share, reflecting an annualized yield of 3.4% and a payout ratio of 54.05%.

Quantbot Technologies LP bought a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,141 shares of the company's stock, valued at approximately $409,000. Quantbot Technologies LP owned 0.07% of A-Mark Precious Metals as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in A-Mark Precious Metals in the first quarter worth $41,000. CWM LLC increased its position in shares of 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 acquiring an additional 2,015 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of A-Mark Precious Metals during the first quarter worth $70,000. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 6,814 shares in the last quarter. Finally, Ancora Advisors LLC increased its position in shares of A-Mark Precious Metals by 2,013.1% during the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company's stock worth $195,000 after acquiring an additional 6,784 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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 lowered their price objective 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals presently has an average rating of "Hold" and an average target price of $33.00.

A-Mark Precious Metals Stock Up 1.9%

A-Mark Precious Metals stock traded up $0.44 during mid-day trading on Monday, reaching $23.41. The company's stock had a trading volume of 127,484 shares, compared to its average volume of 181,095. The company has a market capitalization of $576.35 million, a price-to-earnings ratio of 15.82 and a beta of 0.16. A-Mark Precious Metals, Inc. has a 12 month low of $19.39 and a 12 month high of $47.39. The business's 50 day simple moving average is $22.48 and its 200 day simple moving average is $23.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56.

A-Mark Precious Metals Dividend Announcement

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

A-Mark Precious Metals Company 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.