Walleye Capital LLC Purchases Shares of 12,600 A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Walleye Capital LLC purchased a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,600 shares of the company's stock, valued at approximately $345,000. Walleye Capital LLC owned 0.05% of A-Mark Precious Metals as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in 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 valued at $62,000 after purchasing an additional 1,840 shares during the period. KLP Kapitalforvaltning AS purchased a new position in A-Mark Precious Metals during the fourth quarter valued at $200,000. SG Americas Securities LLC increased its stake in 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 worth $206,000 after buying an additional 949 shares in the last quarter. Raymond James Financial Inc. purchased a new position in A-Mark Precious Metals in the 4th quarter valued at $237,000. Finally, Victory Capital Management Inc. grew its stake in A-Mark Precious Metals by 85.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,456 shares of the company's stock valued at $259,000 after acquiring an additional 4,347 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.

A-Mark Precious Metals Trading Up 1.1 %

AMRK stock traded up $0.27 during midday trading on Wednesday, hitting $24.36. 171,700 shares of the company's stock were exchanged, compared to its average volume of 319,721. The business has a 50-day simple moving average of $25.57 and a two-hundred day simple moving average of $28.80. A-Mark Precious Metals, Inc. has a 1-year low of $20.60 and a 1-year high of $47.39. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $560.74 million, a PE ratio of 11.88 and a beta of 0.41.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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%. On average, sell-side analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMRK shares. DA Davidson reiterated a "buy" rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Northland Securities lowered their price target 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 report on Friday, February 7th. Finally, B. Riley dropped their price objective on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of "Hold" and a consensus price target of $42.00.

A-Mark Precious Metals Company 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.