Allspring Global Investments Holdings LLC Purchases 51,358 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Allspring Global Investments Holdings LLC grew its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,577 shares of the company's stock after acquiring an additional 51,358 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.64% of A-Mark Precious Metals worth $4,525,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMRK. Wellington Management Group LLP acquired a new position in A-Mark Precious Metals in the first quarter valued at about $19,975,000. State Street Corp lifted its stake in A-Mark Precious Metals by 115.0% in the second quarter. State Street Corp now owns 358,999 shares of the company's stock valued at $11,578,000 after buying an additional 192,046 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of A-Mark Precious Metals by 156.4% during the second quarter. Renaissance Technologies LLC now owns 308,384 shares of the company's stock worth $9,945,000 after acquiring an additional 188,092 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of A-Mark Precious Metals by 41.1% during the second quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company's stock worth $20,275,000 after acquiring an additional 157,750 shares during the period. Finally, American Century Companies Inc. boosted its stake in A-Mark Precious Metals by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company's stock worth $49,413,000 after purchasing an additional 150,343 shares during the period. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Up 3.0 %

NASDAQ:AMRK traded up $1.10 on Friday, hitting $37.98. 358,532 shares of the company's stock were exchanged, compared to its average volume of 612,150. The firm has a 50-day moving average price of $29.97 and a 200-day moving average price of $28.92. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. The company has a market cap of $867.84 million, a P/E ratio of 8.42 and a beta of 0.02.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion. As a group, analysts expect that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals's dividend payout ratio is currently 17.74%.

Wall Street Analysts Forecast Growth

AMRK has been the topic of a number of research reports. DA Davidson boosted their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, April 10th. StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, B. Riley reduced their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st.

Insider Activity

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares in the company, valued at $10,732,235.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Michael R. Wittmeyer sold 22,383 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the transaction, the director now directly owns 453,283 shares of the company's stock, valued at approximately $11,812,554.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now directly owns 408,225 shares of the company's stock, valued at $10,732,235.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is owned by insiders.

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.