Squarepoint Ops LLC raised its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,802 shares of the company's stock after purchasing an additional 34,094 shares during the period. Squarepoint Ops LLC owned 0.59% of A-Mark Precious Metals worth $3,748,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its holdings in 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 grew its position in A-Mark Precious Metals by 446.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock worth $62,000 after buying an additional 1,840 shares in the last quarter. Ancora Advisors LLC increased its stake in 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 valued at $195,000 after acquiring an additional 6,784 shares during the period. KLP Kapitalforvaltning AS acquired a new position in A-Mark Precious Metals in the 4th quarter valued at approximately $200,000. Finally, SG Americas Securities LLC raised its holdings in 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 acquiring an additional 949 shares in the last quarter. Institutional investors own 75.25% of the company's stock.
A-Mark Precious Metals Trading Up 0.8%
A-Mark Precious Metals stock traded up $0.16 during midday trading on Friday, hitting $19.92. 224,521 shares of the stock were exchanged, compared to its average volume of 307,747. The stock has a market capitalization of $490.53 million, a PE ratio of 9.72 and a beta of 0.32. The company has a fifty day simple moving average of $22.92 and a two-hundred day simple moving average of $26.22. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a 52 week low of $19.39 and a 52 week high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. Equities research analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Tuesday, April 15th. A-Mark Precious Metals's payout ratio is 54.05%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AMRK. Wall Street Zen upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. B. Riley dropped 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 note on Tuesday, April 29th. DA Davidson decreased their target price on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Northland Securities dropped 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 research report on Friday, February 7th.
Read Our Latest Stock Analysis on AMRK
About A-Mark Precious Metals
(
Free Report)
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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