Teacher Retirement System of Texas bought 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 & Exchange Commission. The firm bought 53,762 shares of the company's stock, valued at approximately $1,473,000. Teacher Retirement System of Texas owned 0.23% of A-Mark Precious Metals at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Hobbs Group Advisors LLC bought a new position in A-Mark Precious Metals in the 3rd quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its stake in A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock worth $62,000 after buying an additional 1,840 shares during the period. SG Americas Securities LLC increased its position in shares of A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock worth $206,000 after acquiring an additional 949 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in A-Mark Precious Metals in the 3rd quarter valued at $226,000. Finally, Raymond James Financial Inc. purchased a new position in shares of A-Mark Precious Metals in the 4th quarter worth approximately $237,000. Institutional investors own 75.25% of the company's stock.
A-Mark Precious Metals Stock Down 4.1 %
Shares of NASDAQ:AMRK traded down $1.08 during trading on Monday, reaching $25.37. 365,123 shares of the stock traded hands, compared to its average volume of 349,698. The stock has a 50-day moving average of $27.68 and a two-hundred day moving average of $32.03. 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 $24.94 and a 52-week high of $47.39. The stock has a market cap of $583.99 million, a P/E ratio of 12.38 and a beta of 0.07.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its 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 return on equity of 9.29% and a net margin of 0.46%. As a group, sell-side analysts expect 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 company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio is currently 39.02%.
Wall Street Analysts Forecast Growth
AMRK has been the subject of a number of recent research reports. DA Davidson reissued a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. 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, Northland Securities decreased 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 report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $41.75.
View Our Latest Stock Report on AMRK
A-Mark Precious Metals Profile
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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.
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