Charles Schwab Investment Management Inc. lowered its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,510 shares of the company's stock after selling 94,698 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.06% of A-Mark Precious Metals worth $6,754,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new position in A-Mark Precious Metals during the third quarter valued at approximately $26,000. Rhumbline Advisers raised its position in A-Mark Precious Metals by 2.1% in the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock worth $817,000 after purchasing an additional 621 shares during the period. Empowered Funds LLC lifted its stake in A-Mark Precious Metals by 4.6% in the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock worth $483,000 after purchasing an additional 782 shares during the last quarter. SG Americas Securities LLC boosted its position in A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock valued at $206,000 after buying an additional 949 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in A-Mark Precious Metals by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,851 shares of the company's stock valued at $2,025,000 after buying an additional 1,652 shares during the period. 75.25% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in 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. Northland Securities decreased their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Finally, DA Davidson reissued a "buy" rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.75.
Get Our Latest Stock Analysis on A-Mark Precious Metals
A-Mark Precious Metals Trading Down 6.9 %
NASDAQ:AMRK traded down $1.96 during mid-day trading on Friday, reaching $26.45. 347,422 shares of the company's stock traded hands, compared to its average volume of 349,881. The company has a 50 day moving average price of $27.70 and a 200-day moving average price of $32.31. The firm has a market capitalization of $608.85 million, a price-to-earnings ratio of 12.90 and a beta of 0.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. A-Mark Precious Metals, Inc. has a 12-month low of $25.01 and a 12-month high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. On average, sell-side analysts predict 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 of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 3.02%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 39.02%.
About A-Mark Precious Metals
(
Free Report)
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.
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