American Century Companies Inc. Lowers Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

American Century Companies Inc. decreased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 19.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,456,987 shares of the company's stock after selling 355,490 shares during the period. American Century Companies Inc. owned approximately 6.37% of A-Mark Precious Metals worth $47,163,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Koss Olinger Consulting LLC purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $535,000. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $45,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $363,000. TrueMark Investments LLC purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $450,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $1,233,000. Hedge funds and other institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Trading Down 0.8 %

AMRK traded down $0.38 during trading on Tuesday, hitting $44.43. 320,895 shares of the stock traded hands, compared to its average volume of 370,658. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The firm has a market capitalization of $1.02 billion, a P/E ratio of 13.63 and a beta of -0.05. The firm has a 50-day moving average of $37.91 and a 200 day moving average of $35.84.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.80%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 24.54%.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMRK shares. StockNews.com cut shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Monday. DA Davidson increased their price target on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Finally, Maxim Group started 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 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, A-Mark Precious Metals presently has a consensus rating of "Hold" and a consensus target price of $47.67.

A-Mark Precious Metals 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.