Wexford Capital LP Takes Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Wexford Capital LP bought a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,000 shares of the company's stock, valued at approximately $959,000. Wexford Capital LP owned about 0.15% of A-Mark Precious Metals at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMRK. Coppell Advisory Solutions LLC increased its position in A-Mark Precious Metals by 72.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock worth $53,000 after buying an additional 806 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 valued at $62,000 after acquiring an additional 1,840 shares during the period. Ancora Advisors LLC boosted its holdings 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 stake in shares of A-Mark Precious Metals in the fourth quarter valued at about $200,000. Finally, SG Americas Securities LLC increased its stake 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 purchasing an additional 949 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in 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. DA Davidson reduced 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 report on Thursday, May 8th. Northland Securities reduced their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, B. Riley reduced 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 report on Tuesday, April 29th.

A-Mark Precious Metals Trading Up 1.6%

Shares of NASDAQ:AMRK traded up $0.32 during trading on Friday, hitting $20.14. 263,913 shares of the company's stock were exchanged, compared to its average volume of 306,927. The firm has a market cap of $495.95 million, a P/E ratio of 9.82 and a beta of 0.32. The firm has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $26.79. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a 1-year low of $19.60 and a 1-year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) 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%. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio is currently 54.05%.

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.