Jacobs Asset Management LLC grew its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,000 shares of the company's stock after purchasing an additional 35,000 shares during the quarter. A-Mark Precious Metals comprises approximately 5.1% of Jacobs Asset Management LLC's investment portfolio, making the stock its 7th biggest position. Jacobs Asset Management LLC owned about 1.34% of A-Mark Precious Metals worth $8,494,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in AMRK. Barclays PLC grew its position in shares of A-Mark Precious Metals by 349.0% in the third quarter. Barclays PLC now owns 28,536 shares of the company's stock valued at $1,259,000 after purchasing an additional 22,181 shares during the last quarter. JPMorgan Chase & Co. grew its position in A-Mark Precious Metals by 136.3% during the third quarter. JPMorgan Chase & Co. now owns 35,207 shares of the company's stock worth $1,555,000 after buying an additional 20,309 shares in the last quarter. SG Americas Securities LLC grew its position in A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock worth $206,000 after buying an additional 949 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in A-Mark Precious Metals during the fourth quarter worth approximately $307,000. Finally, Empowered Funds LLC grew its position in A-Mark Precious Metals by 4.6% during the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock worth $483,000 after buying an additional 782 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. B. Riley reduced their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. DA Davidson reduced their price target on 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. StockNews.com downgraded A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Friday, May 9th. Finally, Northland Securities reduced their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $40.50.
Get Our Latest Analysis on A-Mark Precious Metals
A-Mark Precious Metals Trading Down 3.2%
NASDAQ:AMRK traded down $0.72 during trading hours on Wednesday, hitting $21.88. 357,204 shares of the company were exchanged, compared to its average volume of 311,859. The stock has a market capitalization of $503.66 million, a price-to-earnings ratio of 10.67 and a beta of 0.32. 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 one year low of $19.76 and a one year high of $47.39. The company has a fifty day simple moving average of $24.86 and a 200 day simple moving average of $27.57.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.54). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.66%. 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
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Free Report)
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.
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