Fox Run Management L.L.C. Invests $425,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Fox Run Management L.L.C. bought a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,525 shares of the company's stock, valued at approximately $425,000. Fox Run Management L.L.C. owned approximately 0.07% of A-Mark Precious Metals at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMRK. Geode Capital Management LLC boosted its stake in shares of A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock valued at $19,072,000 after purchasing an additional 22,087 shares in the last quarter. Barclays PLC lifted its stake in A-Mark Precious Metals by 349.0% in the third quarter. Barclays PLC now owns 28,536 shares of the company's stock worth $1,259,000 after purchasing an additional 22,181 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in A-Mark Precious Metals during the fourth quarter valued at about $338,000. CWA Asset Management Group LLC grew its stake in shares of A-Mark Precious Metals by 38.6% during the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock valued at $10,094,000 after buying an additional 102,524 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of A-Mark Precious Metals by 43.6% in the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after buying an additional 65,014 shares during the period. 75.25% of the stock is currently owned by institutional investors.

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A-Mark Precious Metals Trading Down 6.9 %

Shares of AMRK traded down $1.96 during mid-day trading on Friday, hitting $26.45. 347,422 shares of the company's stock traded hands, compared to its average volume of 349,636. 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 firm has a market capitalization of $608.85 million, a P/E ratio of 12.90 and a beta of 0.07. The business's 50-day moving average price is $27.68 and its 200-day moving average price is $32.11. A-Mark Precious Metals, Inc. has a 1 year low of $25.01 and a 1 year high of $47.39.

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 (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals's payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. DA Davidson restated a "buy" rating and set a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities dropped their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, 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. Four investment 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 stock currently has an average rating of "Hold" and an average target price 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.