Bank of New York Mellon Corp Buys 65,014 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Bank of New York Mellon Corp increased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 43.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 214,270 shares of the company's stock after acquiring an additional 65,014 shares during the quarter. Bank of New York Mellon Corp owned about 0.92% of A-Mark Precious Metals worth $5,871,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $226,000. Empowered Funds LLC grew its position in A-Mark Precious Metals by 5.0% during the third quarter. Empowered Funds LLC now owns 16,858 shares of the company's stock worth $744,000 after buying an additional 804 shares in the last quarter. Quest Partners LLC increased its stake in A-Mark Precious Metals by 748,300.0% during the 3rd quarter. Quest Partners LLC now owns 7,484 shares of the company's stock worth $330,000 after acquiring an additional 7,483 shares during the period. Advisors Asset Management Inc. acquired a new position in A-Mark Precious Metals in the 3rd quarter valued at $356,000. Finally, Intech Investment Management LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at $251,000. Institutional investors and hedge funds own 75.25% of the company's stock.

A-Mark Precious Metals Price Performance

NASDAQ AMRK traded up $0.05 during trading on Thursday, hitting $29.41. 124,273 shares of the company's stock were exchanged, compared to its average volume of 344,008. The company has a market cap of $676.90 million, a PE ratio of 14.36 and a beta of 0.07. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $47.39. The stock's 50 day moving average price is $27.63 and its two-hundred day moving average price is $32.79.

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A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share (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%. Research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMRK. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. DA Davidson restated 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. Finally, Northland Securities reduced 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.75.

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.