American Century Companies Inc. Sells 9,653 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

American Century Companies Inc. trimmed its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,206,073 shares of the company's stock after selling 9,653 shares during the quarter. American Century Companies Inc. owned 5.20% of A-Mark Precious Metals worth $33,046,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMRK. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the third quarter valued at about $26,000. Farther Finance Advisors LLC boosted its position in A-Mark Precious Metals by 446.6% during the 4th 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 last quarter. SG Americas Securities LLC grew its stake 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 acquiring an additional 949 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals in the third quarter valued at approximately $226,000. Finally, Raymond James Financial Inc. bought a new stake in shares of A-Mark Precious Metals in the fourth quarter worth $237,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK traded down $0.32 during mid-day trading on Wednesday, hitting $24.93. The stock had a trading volume of 39,505 shares, compared to its average volume of 348,214. A-Mark Precious Metals, Inc. has a twelve month low of $24.65 and a twelve month 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 stock has a market cap of $573.75 million, a price-to-earnings ratio of 12.10 and a beta of 0.07. The company's 50 day simple moving average is $27.60 and its 200 day simple moving average is $31.73.

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A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results 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, equities research analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.21%. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. DA Davidson reaffirmed a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Northland Securities decreased their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, A-Mark Precious Metals has a consensus rating of "Hold" and a consensus price target of $41.75.

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.