Yacktman Asset Management LP Lowers Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Yacktman Asset Management LP cut its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 44.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the company's stock after selling 20,000 shares during the quarter. Yacktman Asset Management LP owned about 0.11% of A-Mark Precious Metals worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals in the second quarter worth $45,000. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at about $184,000. Capstone Investment Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at about $220,000. Quantbot Technologies LP grew its holdings in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company's stock worth $228,000 after purchasing an additional 4,895 shares in the last quarter. Finally, Riverwater Partners LLC increased its position in shares of A-Mark Precious Metals by 10.6% in the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company's stock worth $299,000 after purchasing an additional 881 shares during the last quarter. 75.25% of the stock is owned by institutional investors.

A-Mark Precious Metals Trading Up 8.0 %

Shares of NASDAQ:AMRK traded up $3.21 during trading on Thursday, reaching $43.53. The company's stock had a trading volume of 720,811 shares, compared to its average volume of 367,932. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $43.66. The stock has a market capitalization of $994.88 million, a PE ratio of 13.35 and a beta of -0.06. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm's 50 day simple moving average is $35.82 and its two-hundred day simple moving average is $34.57.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.84%. A-Mark Precious Metals's dividend payout ratio is presently 24.54%.

Wall Street Analysts Forecast Growth

AMRK has been the subject of a number of research reports. Maxim Group initiated coverage on shares of A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a "buy" rating and a $63.00 price target for the company. DA Davidson increased their price objective on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday. StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Friday, August 30th. Northland Securities lowered A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday, May 8th. Finally, B. Riley cut A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a research note on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals has an average rating of "Hold" and a consensus target price of $47.67.

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.