Proficio Capital Partners LLC purchased a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,330 shares of the company's stock, valued at approximately $338,000. Proficio Capital Partners LLC owned about 0.05% of A-Mark Precious Metals as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of AMRK. Nations Financial Group Inc. IA ADV raised its holdings in shares of A-Mark Precious Metals by 44.5% during the third quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company's stock valued at $2,430,000 after buying an additional 16,935 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of A-Mark Precious Metals by 20.8% during the third quarter. Aigen Investment Management LP now owns 9,395 shares of the company's stock valued at $415,000 after buying an additional 1,615 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $226,000. Bard Associates Inc. raised its holdings in shares of A-Mark Precious Metals by 0.4% during the third quarter. Bard Associates Inc. now owns 93,411 shares of the company's stock valued at $4,125,000 after buying an additional 396 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of A-Mark Precious Metals by 5.0% during the third quarter. Empowered Funds LLC now owns 16,858 shares of the company's stock valued at $744,000 after buying an additional 804 shares during the last quarter. Institutional investors own 75.25% of the company's stock.
A-Mark Precious Metals Stock Performance
NASDAQ:AMRK opened at $27.35 on Wednesday. The firm's 50-day moving average is $27.60 and its 200-day moving average is $33.14. A-Mark Precious Metals, Inc. has a 52-week low of $25.01 and a 52-week high of $47.39. 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 company has a market cap of $629.57 million, a price-to-earnings ratio of 13.34 and a beta of 0.07.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS 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%. Equities research analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.
A-Mark Precious Metals Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.93%. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. DA Davidson reiterated a "buy" rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research note on Tuesday. Finally, Northland Securities lowered their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.75.
Get Our Latest Report on AMRK
A-Mark Precious Metals Company Profile
(
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.
See Also
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