Sei Investments Co. Raises Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Sei Investments Co. boosted its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,892 shares of the company's stock after buying an additional 15,988 shares during the quarter. Sei Investments Co. owned approximately 0.65% of A-Mark Precious Metals worth $4,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC boosted its holdings in A-Mark Precious Metals by 446.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after purchasing an additional 1,840 shares in the last quarter. SG Americas Securities LLC increased its stake in A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock valued at $206,000 after purchasing an additional 949 shares during the last quarter. Raymond James Financial Inc. purchased a new position in A-Mark Precious Metals in the fourth quarter valued at approximately $237,000. Finally, Intech Investment Management LLC acquired a new stake in A-Mark Precious Metals during the third quarter worth approximately $251,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMRK shares. Northland Securities lowered their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. 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. Finally, DA Davidson reiterated a "buy" rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.75.

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A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock traded down $0.35 during trading on Monday, reaching $21.93. The company's stock had a trading volume of 31,617 shares, compared to its average volume of 348,802. The company has a 50-day moving average price of $27.38 and a two-hundred day moving average price of $31.30. A-Mark Precious Metals, Inc. has a fifty-two week low of $21.13 and a fifty-two week high of $47.39. The firm has a market cap of $504.81 million, a PE ratio of 10.68 and a beta of 0.41. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.65%. A-Mark Precious Metals's dividend payout ratio is presently 39.02%.

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.