Renaissance Technologies LLC decreased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,800 shares of the company's stock after selling 65,600 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of A-Mark Precious Metals worth $543,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Cannell Capital LLC raised its position in shares of A-Mark Precious Metals by 5.1% during the 4th quarter. Cannell Capital LLC now owns 58,858 shares of the company's stock valued at $1,613,000 after buying an additional 2,873 shares in the last quarter. Invesco Ltd. increased its stake in A-Mark Precious Metals by 47.2% during the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock worth $6,517,000 after acquiring an additional 76,301 shares during the last quarter. Trek Financial LLC raised its position in A-Mark Precious Metals by 3.2% during the fourth quarter. Trek Financial LLC now owns 55,699 shares of the company's stock valued at $1,526,000 after purchasing an additional 1,718 shares during the period. Wedbush Securities Inc. lifted its stake in shares of A-Mark Precious Metals by 3.8% in the 4th quarter. Wedbush Securities Inc. now owns 275,864 shares of the company's stock valued at $7,559,000 after purchasing an additional 10,121 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of A-Mark Precious Metals by 16.8% in the 4th quarter. Wells Fargo & Company MN now owns 43,685 shares of the company's stock worth $1,197,000 after purchasing an additional 6,274 shares during the period. Institutional investors own 75.25% of the company's stock.
A-Mark Precious Metals Trading Down 1.1 %
Shares of NASDAQ:AMRK traded down $0.27 on Wednesday, hitting $23.88. 310,233 shares of the company's stock were exchanged, compared to its average volume of 316,804. The business's 50 day simple moving average is $25.34 and its two-hundred day simple moving average is $28.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The stock has a market capitalization of $549.69 million, a price-to-earnings ratio of 11.65 and a beta of 0.32. A-Mark Precious Metals, Inc. has a 12 month low of $20.55 and a 12 month high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly 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). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. Analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.35%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.
Wall Street Analysts Forecast Growth
AMRK has been the topic of several recent research reports. B. Riley decreased their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. DA Davidson restated a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, Northland Securities dropped their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $42.00.
Read Our Latest Report on AMRK
A-Mark Precious Metals Company Profile
(
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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