Vanguard Group Inc. Trims Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Vanguard Group Inc. reduced its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025,665 shares of the company's stock after selling 286,795 shares during the quarter. Vanguard Group Inc. owned 4.42% of A-Mark Precious Metals worth $28,103,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in A-Mark Precious Metals by 2.1% in the fourth quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock worth $817,000 after purchasing an additional 621 shares in the last quarter. Empowered Funds LLC grew its holdings in A-Mark Precious Metals by 4.6% in the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock worth $483,000 after purchasing an additional 782 shares during the last quarter. Bard Associates Inc. increased its position in shares of A-Mark Precious Metals by 1.0% during the fourth quarter. Bard Associates Inc. now owns 94,344 shares of the company's stock worth $2,585,000 after purchasing an additional 933 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of A-Mark Precious Metals by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock valued at $206,000 after purchasing an additional 949 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of A-Mark Precious Metals by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,851 shares of the company's stock valued at $2,025,000 after purchasing an additional 1,652 shares during the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMRK has been the topic of several research analyst reports. DA Davidson restated a "buy" rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities cut their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $41.75.

A-Mark Precious Metals Stock Performance

AMRK traded down $0.27 on Friday, reaching $23.57. 213,872 shares of the stock were exchanged, compared to its average volume of 326,495. 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 company's 50-day moving average price is $26.09 and its 200 day moving average price is $29.70. The firm has a market capitalization of $542.56 million, a PE ratio of 11.50 and a beta of 0.41. A-Mark Precious Metals, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. As a group, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 39.02%.

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.