Exchange Traded Concepts LLC Buys Shares of 11,216 A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Exchange Traded Concepts LLC acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,216 shares of the company's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $26,000. Quarry LP raised its stake in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company's stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in A-Mark Precious Metals in the third quarter worth about $88,000. nVerses Capital LLC increased its stake in A-Mark Precious Metals by 157.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock valued at $159,000 after buying an additional 2,200 shares during the period. Finally, SG Americas Securities LLC raised its position 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 worth $206,000 after buying an additional 949 shares in the last quarter. 75.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. DA Davidson cut their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $46.33.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock traded down $0.25 during mid-day trading on Monday, hitting $27.92. The company's stock had a trading volume of 233,212 shares, compared to its average volume of 191,087. The stock has a market capitalization of $647.14 million, a P/E ratio of 11.90 and a beta of -0.02. A-Mark Precious Metals, Inc. has a twelve month low of $24.22 and a twelve month high of $47.39. The stock's fifty day moving average price is $27.88 and its two-hundred day moving average price is $34.76. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio is 34.04%.

About A-Mark Precious Metals

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.