Numerai GP LLC Trims Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Numerai GP LLC cut its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC increased its position in shares of 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 acquiring an additional 806 shares during the period. Farther Finance Advisors LLC increased its position in shares of 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 worth $62,000 after acquiring an additional 1,840 shares during the period. Ancora Advisors LLC raised its stake in A-Mark Precious Metals by 2,013.1% in the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company's stock worth $195,000 after buying an additional 6,784 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in A-Mark Precious Metals in the fourth quarter worth approximately $200,000. Finally, SG Americas Securities LLC raised 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 worth $206,000 after buying an additional 949 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Trading Up 3.4%

Shares of A-Mark Precious Metals stock opened at $22.60 on Wednesday. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $47.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The firm has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $27.61. The company has a market cap of $520.23 million, a P/E ratio of 11.02 and a beta of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.66 billion. As a group, equities 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. Investors of record on Tuesday, April 15th were paid 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 3.54%. A-Mark Precious Metals's dividend payout ratio is presently 54.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. 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. 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. 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. Finally, StockNews.com lowered shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of "Hold" and an average price target 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.

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