Trexquant Investment LP raised its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 137.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 25,891 shares of the company's stock after purchasing an additional 14,984 shares during the period. Trexquant Investment LP owned approximately 0.11% of A-Mark Precious Metals worth $657,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in AMRK. Invesco Ltd. boosted its stake in A-Mark Precious Metals by 120.5% during the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company's stock valued at $13,303,000 after purchasing an additional 286,512 shares during the last quarter. Nuveen LLC acquired a new position in A-Mark Precious Metals during the 1st quarter valued at about $6,350,000. Raymond James Financial Inc. boosted its stake in A-Mark Precious Metals by 2,692.0% during the 1st quarter. Raymond James Financial Inc. now owns 241,177 shares of the company's stock valued at $6,119,000 after purchasing an additional 232,539 shares during the last quarter. Pacer Advisors Inc. acquired a new position in A-Mark Precious Metals during the 1st quarter valued at about $5,754,000. Finally, Ameriprise Financial Inc. acquired a new position in A-Mark Precious Metals during the 4th quarter valued at about $5,059,000. Institutional investors and hedge funds own 75.25% of the company's stock.
A-Mark Precious Metals Stock Performance
Shares of A-Mark Precious Metals stock traded up $1.97 during mid-day trading on Friday, hitting $26.98. 913,702 shares of the stock were exchanged, compared to its average volume of 272,268. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.39 and a current ratio of 1.56. The company has a market capitalization of $664.25 million, a P/E ratio of 39.10 and a beta of 0.16. The company has a 50-day simple moving average of $22.96 and a 200 day simple moving average of $23.35. A-Mark Precious Metals, Inc. has a 12 month low of $19.39 and a 12 month high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.19. The company had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.91 billion. A-Mark Precious Metals had a net margin of 0.16% and a return on equity of 7.85%. During the same quarter in the previous year, the firm posted $0.76 EPS. Sell-side analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.
A-Mark Precious Metals Announces Dividend
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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 18th. A-Mark Precious Metals's payout ratio is 115.94%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Roth Capital upgraded A-Mark Precious Metals to a "strong-buy" rating in a research note on Wednesday. DA Davidson reissued a "buy" rating and set a $29.00 target price on shares of A-Mark Precious Metals in a research report on Wednesday. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.00.
Check Out Our Latest Stock Analysis on AMRK
A-Mark Precious Metals Company Profile
(
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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