Invesco Ltd. Buys 76,301 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Invesco Ltd. lifted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 237,830 shares of the company's stock after purchasing an additional 76,301 shares during the quarter. Invesco Ltd. owned 1.03% of A-Mark Precious Metals worth $6,517,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in A-Mark Precious Metals by 446.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after buying an additional 1,840 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $200,000. SG Americas Securities LLC boosted its stake in 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 valued at $206,000 after buying an additional 949 shares in the last quarter. Raymond James Financial Inc. acquired a new position in A-Mark Precious Metals during the fourth quarter worth about $237,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of A-Mark Precious Metals by 85.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,456 shares of the company's stock worth $259,000 after acquiring an additional 4,347 shares during the last quarter. Institutional investors own 75.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMRK shares. B. Riley lowered 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 research report on Tuesday. DA Davidson reiterated a "buy" rating and issued a $35.00 price target on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Finally, Northland Securities lowered their target price on 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of "Hold" and an average price target of $42.00.

A-Mark Precious Metals Trading Up 1.1 %

Shares of AMRK traded up $0.27 during mid-day trading on Thursday, reaching $24.63. 25,681 shares of the company were exchanged, compared to its average volume of 318,579. The business has a 50 day simple moving average of $25.57 and a two-hundred day simple moving average of $28.80. A-Mark Precious Metals, Inc. has a 52 week low of $20.60 and a 52 week high of $47.39. The stock has a market capitalization of $566.98 million, a PE ratio of 12.03 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. On average, analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.25%. A-Mark Precious Metals's payout ratio is 39.02%.

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.