D.A. Davidson & CO. Has $423,000 Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

D.A. Davidson & CO. trimmed its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 46.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,451 shares of the company's stock after selling 13,289 shares during the period. D.A. Davidson & CO. owned 0.07% of A-Mark Precious Metals worth $423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMRK. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Victory Capital Management Inc. bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $226,000. Private Advisor Group LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $234,000. Intech Investment Management LLC purchased a new position in A-Mark Precious Metals during the third quarter valued at approximately $251,000. Finally, Quest Partners LLC grew its position in A-Mark Precious Metals by 748,300.0% during the third quarter. Quest Partners LLC now owns 7,484 shares of the company's stock valued at $330,000 after purchasing an additional 7,483 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Down 0.7 %

AMRK stock traded down $0.18 during trading hours on Friday, hitting $27.18. The company's stock had a trading volume of 260,319 shares, compared to its average volume of 346,320. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $625.66 million, a PE ratio of 13.26 and a beta of -0.02. A-Mark Precious Metals, Inc. has a 12 month low of $25.01 and a 12 month high of $47.39. The stock has a 50 day moving average price of $27.47 and a two-hundred day moving average price of $33.60.

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A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share 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%. On average, equities research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 earnings per share 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. Stockholders of record on Tuesday, January 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals's payout ratio is 39.02%.

Analyst Ratings Changes

AMRK has been the topic of a number of research analyst reports. DA Davidson lowered their price objective on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, Northland Securities decreased their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently 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.