A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. lessened its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,492 shares of the company's stock after selling 22,721 shares during the period. Wedbush Securities Inc. owned approximately 1.27% of A-Mark Precious Metals worth $9,403,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in A-Mark Precious Metals by 99.6% during the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock valued at $1,047,000 after purchasing an additional 17,023 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in A-Mark Precious Metals during the 1st quarter valued at about $712,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter valued at about $714,000. Koss Olinger Consulting LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter valued at about $535,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company's stock worth $34,178,000 after purchasing an additional 106,842 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.

Analysts Set New Price Targets

AMRK has been the topic of several research reports. B. Riley downgraded shares of A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a report on Wednesday, May 15th. Maxim Group assumed coverage on shares of A-Mark Precious Metals in a research report on Wednesday, May 22nd. They set a "buy" rating and a $63.00 target price for the company. DA Davidson increased their price target on A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Friday, August 30th. Four investment 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, the stock has an average rating of "Hold" and a consensus price target of $47.67.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK traded down $0.22 during mid-day trading on Monday, reaching $43.64. 314,328 shares of the stock were exchanged, compared to its average volume of 369,527. The company has a market capitalization of $997.17 million, a P/E ratio of 13.39 and a beta of -0.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The business's 50 day moving average is $36.27 and its 200-day moving average is $34.89. A-Mark Precious Metals, Inc. has a 1 year low of $23.14 and a 1 year high of $44.30.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. A-Mark Precious Metals's dividend payout ratio is presently 24.54%.

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.