A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by Numerai GP LLC

Numerai GP LLC lowered its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 37.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,996 shares of the company's stock after selling 24,733 shares during the quarter. Numerai GP LLC owned approximately 0.18% of A-Mark Precious Metals worth $1,123,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Ameriprise Financial Inc. purchased a new stake in A-Mark Precious Metals in the fourth quarter worth approximately $5,059,000. Invesco Ltd. increased its holdings in shares of A-Mark Precious Metals by 47.2% during the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after acquiring an additional 76,301 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in A-Mark Precious Metals by 92.6% in the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company's stock worth $4,303,000 after buying an additional 75,486 shares during the period. Bank of New York Mellon Corp increased its holdings in A-Mark Precious Metals by 43.6% in the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after buying an additional 65,014 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in A-Mark Precious Metals in the 4th quarter worth approximately $1,473,000. Institutional investors and hedge funds own 75.25% of the company's stock.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK traded down $0.28 during midday trading on Monday, hitting $21.15. The company had a trading volume of 32,475 shares, compared to its average volume of 307,467. The company has a fifty day moving average of $24.50 and a two-hundred day moving average of $27.20. A-Mark Precious Metals, Inc. has a 12-month low of $19.76 and a 12-month high of $47.39. The company has a market cap of $520.82 million, a price-to-earnings ratio of 10.34 and a beta of 0.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results 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 company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, equities research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.78%. A-Mark Precious Metals's payout ratio is presently 54.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMRK shares. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. B. Riley reduced their target price 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. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Northland Securities cut their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $40.50.

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.