A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock Holdings Decreased by Voloridge Investment Management LLC

Voloridge Investment Management LLC lessened its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 31.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,975 shares of the company's stock after selling 68,060 shares during the period. Voloridge Investment Management LLC owned about 0.65% of A-Mark Precious Metals worth $4,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock worth $206,000 after acquiring an additional 949 shares during the period. Exchange Traded Concepts LLC purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at about $307,000. Empowered Funds LLC grew its stake in A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock valued at $483,000 after acquiring an additional 782 shares in the last quarter. Rhumbline Advisers grew its stake in A-Mark Precious Metals by 2.1% during the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock valued at $817,000 after acquiring an additional 621 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock valued at $5,871,000 after acquiring an additional 65,014 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMRK shares. DA Davidson dropped their price target on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Northland Securities decreased their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Finally, B. Riley reduced their target price on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th.

A-Mark Precious Metals Trading Up 0.8%

Shares of AMRK traded up $0.16 on Friday, hitting $19.92. 224,521 shares of the stock traded hands, compared to its average volume of 307,747. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $490.53 million, a P/E ratio of 9.72 and a beta of 0.32. A-Mark Precious Metals, Inc. has a 1 year low of $19.39 and a 1 year high of $47.39. The stock's 50 day moving average is $22.92 and its two-hundred day moving average is $26.22.

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 for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.66 billion. A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, sell-side analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is presently 54.05%.

About A-Mark Precious Metals

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.