Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 60,053 shares of A-Mark Precious Metals, Inc. worth approximately $1,524,000, representing about 0.26% of the company's stock.
• A-Mark Precious Metals plans to pay a quarterly dividend of $0.20 per share on August 1st, translating to an annual yield of 3.8% and a payout ratio of 54.05%.
• Analysts have mixed sentiments on the stock, with ratings transitioning from "sell" to "hold," while DA Davidson reduced its price target from $35.00 to $29.00.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 60,053 shares of the company's stock, valued at approximately $1,524,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.26% of A-Mark Precious Metals at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of A-Mark Precious Metals by 6.7% during the first quarter. Teacher Retirement System of Texas now owns 57,344 shares of the company's stock valued at $1,455,000 after buying an additional 3,582 shares during the period. New York State Teachers Retirement System purchased a new position in shares of A-Mark Precious Metals during the first quarter valued at approximately $41,000. Ameriprise Financial Inc. purchased a new position in shares of A-Mark Precious Metals during the fourth quarter valued at approximately $5,059,000. Deutsche Bank AG lifted its stake in shares of A-Mark Precious Metals by 95.9% during the fourth quarter. Deutsche Bank AG now owns 65,717 shares of the company's stock valued at $1,801,000 after buying an additional 32,176 shares during the period. Finally, ExodusPoint Capital Management LP lifted its stake in shares of A-Mark Precious Metals by 271.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 69,207 shares of the company's stock valued at $1,896,000 after buying an additional 50,580 shares during the period. Hedge funds and other institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Stock Down 3.3%

AMRK stock traded down $0.71 during mid-day trading on Friday, hitting $20.57. 241,754 shares of the company were exchanged, compared to its average volume of 172,341. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $47.39. The firm has a fifty day simple moving average of $21.71 and a 200 day simple moving average of $24.24. The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $506.43 million, a PE ratio of 13.90 and a beta of 0.14.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.54). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. A-Mark Precious Metals had a net margin of 0.32% and a return on equity of 8.04%. On average, research analysts forecast 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. Shareholders of record on Friday, July 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, July 18th. A-Mark Precious Metals's payout ratio is 54.05%.

Insider Activity at A-Mark Precious Metals

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMRK shares. B. Riley cut 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 research note on Tuesday, April 29th. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, DA Davidson cut their price target on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th.

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.