CWA Asset Management Group LLC Buys 102,524 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

CWA Asset Management Group LLC grew its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,393 shares of the company's stock after buying an additional 102,524 shares during the quarter. CWA Asset Management Group LLC owned approximately 1.59% of A-Mark Precious Metals worth $10,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in shares of A-Mark Precious Metals in the third quarter valued at about $26,000. Quarry LP increased 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 valued at $36,000 after acquiring an additional 539 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of A-Mark Precious Metals in the third quarter worth about $88,000. nVerses Capital LLC lifted its position in shares of A-Mark Precious Metals by 157.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock worth $159,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $226,000. Institutional investors and hedge funds own 75.25% of the company's stock.

Wall Street Analyst Weigh In

AMRK has been the topic of several research reports. 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 target on A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a research note 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's stock. Based on data from MarketBeat.com, A-Mark Precious Metals presently has an average rating of "Hold" and an average price target of $46.33.

A-Mark Precious Metals Trading Down 2.1 %

Shares of NASDAQ:AMRK traded down $0.60 during midday trading on Monday, hitting $27.62. The company had a trading volume of 310,163 shares, compared to its average volume of 246,221. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 12 month low of $24.22 and a 12 month high of $47.39. The firm has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $35.63. The stock has a market cap of $640.34 million, a price-to-earnings ratio of 11.75 and a beta of -0.01.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.90%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 34.04%.

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.