Invesco Ltd. grew its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 47.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,830 shares of the company's stock after acquiring an additional 76,301 shares during the period. Invesco Ltd. owned 1.03% of A-Mark Precious Metals worth $6,517,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after buying an additional 1,840 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at $200,000. SG Americas Securities LLC increased 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 worth $206,000 after buying an additional 949 shares during the last quarter. Raymond James Financial Inc. bought a new position in A-Mark Precious Metals during the fourth quarter valued at about $237,000. Finally, Victory Capital Management Inc. boosted its stake in shares of A-Mark Precious Metals by 85.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,456 shares of the company's stock worth $259,000 after acquiring an additional 4,347 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company's stock.
A-Mark Precious Metals Stock Performance
Shares of AMRK traded down $0.26 during trading hours on Tuesday, reaching $24.09. 330,972 shares of the company traded hands, compared to its average volume of 322,703. The stock's fifty day moving average is $25.69 and its 200 day moving average is $28.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The stock has a market cap of $554.53 million, a P/E ratio of 11.75 and a beta of 0.41. A-Mark Precious Metals, Inc. has a 1-year low of $20.60 and a 1-year high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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%. Equities research analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals's payout ratio is 39.02%.
Analysts Set New Price Targets
AMRK has been the subject of several analyst reports. DA Davidson restated a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, B. Riley dropped their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, A-Mark Precious Metals currently has an average rating of "Hold" and a consensus price target of $42.00.
Get Our Latest Analysis on AMRK
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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