A-Mark Precious Metals, Inc. $AMRK Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in A-Mark Precious Metals by 12.4%, owning a total of 1,152,737 shares valued at approximately $29.25 million.
• A-Mark Precious Metals announced a quarterly dividend of $0.20 per share, representing an annualized yield of 3.5% and a payout ratio of 54.05%.
• Institutional investors and hedge funds currently own 75.25% of A-Mark Precious Metals' stock, indicating significant market interest.

Vanguard Group Inc. grew its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,152,737 shares of the company's stock after purchasing an additional 127,072 shares during the quarter. Vanguard Group Inc. owned approximately 5.01% of A-Mark Precious Metals worth $29,245,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Pacer Advisors Inc. purchased a new position in shares of A-Mark Precious Metals in the 1st quarter worth approximately $5,754,000. Ameriprise Financial Inc. purchased a new position in shares of A-Mark Precious Metals in the 4th quarter worth approximately $5,059,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of A-Mark Precious Metals in the 1st quarter worth approximately $1,524,000. Wexford Capital LP purchased a new position in shares of A-Mark Precious Metals in the 4th quarter worth approximately $959,000. Finally, Jacobs Asset Management LLC grew its position in shares of A-Mark Precious Metals by 12.7% in the 4th quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company's stock worth $8,494,000 after buying an additional 35,000 shares during the last quarter. Institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock traded up $0.44 during trading hours on Monday, hitting $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 50 day moving average of $22.48 and a 200 day moving average of $23.49. The stock has a market cap of $576.35 million, a PE ratio of 15.82 and a beta of 0.16. The company has a current ratio of 1.56, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMRK shares. DA Davidson cut 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 research report on Thursday, May 8th. 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 analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.00.

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.