Proficio Capital Partners LLC Takes Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Proficio Capital Partners LLC bought a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,330 shares of the company's stock, valued at approximately $338,000. Proficio Capital Partners LLC owned 0.05% of A-Mark Precious Metals as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. acquired a new position in A-Mark Precious Metals during the third quarter valued at $226,000. Quest Partners LLC grew its stake in A-Mark Precious Metals by 748,300.0% during the 3rd quarter. Quest Partners LLC now owns 7,484 shares of the company's stock valued at $330,000 after acquiring an additional 7,483 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $356,000. Intech Investment Management LLC purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth approximately $251,000. Finally, Algert Global LLC purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth approximately $2,029,000. Hedge funds and other institutional investors own 75.25% of the company's stock.

A-Mark Precious Metals Stock Down 6.9 %

AMRK traded down $1.96 during midday 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 debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The company has a market cap of $608.85 million, a PE ratio of 12.90 and a beta of 0.07. The stock's fifty day simple moving average is $27.68 and its 200-day simple moving average is $32.11. A-Mark Precious Metals, Inc. has a one year low of $25.01 and a one year high of $47.39.

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A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share 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, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share 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. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.02%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analyst Weigh In

AMRK has been the topic of several research reports. DA Davidson reiterated a "buy" rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities lowered their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a report 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $41.75.

About A-Mark Precious Metals

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.