Barclays PLC Buys 22,181 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Barclays PLC increased its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 349.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,536 shares of the company's stock after acquiring an additional 22,181 shares during the period. Barclays PLC owned about 0.12% of A-Mark Precious Metals worth $1,259,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter worth about $26,000. Quarry LP lifted its position in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after buying an additional 539 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in A-Mark Precious Metals in the third quarter worth approximately $88,000. nVerses Capital LLC grew its position in A-Mark Precious Metals by 157.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock valued at $159,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of A-Mark Precious Metals during the third quarter worth approximately $226,000. Institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Trading Up 0.2 %

NASDAQ:AMRK traded up $0.05 during midday trading on Tuesday, reaching $27.78. 182,375 shares of the stock traded hands, compared to its average volume of 205,172. The stock has a market capitalization of $644.05 million, a P/E ratio of 11.82 and a beta of -0.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The company has a fifty day moving average of $28.96 and a 200 day moving average of $35.43. A-Mark Precious Metals, Inc. has a 12 month low of $24.22 and a 12 month high of $47.39.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. A-Mark Precious Metals's payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

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

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.