Teacher Retirement System of Texas Makes New Investment in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Teacher Retirement System of Texas acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 53,762 shares of the company's stock, valued at approximately $1,473,000. Teacher Retirement System of Texas owned approximately 0.23% of A-Mark Precious Metals as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock worth $19,072,000 after acquiring an additional 22,087 shares in the last quarter. Barclays PLC raised its holdings in shares of A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company's stock valued at $1,259,000 after purchasing an additional 22,181 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at about $338,000. CWA Asset Management Group LLC lifted its stake in A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock valued at $10,094,000 after purchasing an additional 102,524 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in A-Mark Precious Metals by 43.6% during the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after purchasing an additional 65,014 shares during the period. Institutional investors and hedge funds own 75.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMRK. StockNews.com upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. DA Davidson restated a "buy" rating and issued a $35.00 price target on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Finally, Northland Securities reduced their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $41.75.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK traded up $0.03 during trading hours on Wednesday, reaching $25.27. 230,859 shares of the stock were exchanged, compared to its average volume of 349,479. The firm has a market capitalization of $581.69 million, a price-to-earnings ratio of 12.33 and a beta of 0.07. The stock's fifty day simple moving average is $27.56 and its 200 day simple moving average is $31.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. A-Mark Precious Metals, Inc. has a 52 week low of $24.70 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued 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%. Sell-side analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS 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. Shareholders of record on Tuesday, January 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio (DPR) is 39.02%.

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.