Trexquant Investment LP decreased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 71.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,907 shares of the company's stock after selling 27,075 shares during the period. Trexquant Investment LP's holdings in A-Mark Precious Metals were worth $299,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of A-Mark Precious Metals by 2.1% in the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock valued at $817,000 after acquiring an additional 621 shares during the period. Empowered Funds LLC raised its position in A-Mark Precious Metals by 4.6% in the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock valued at $483,000 after purchasing an additional 782 shares during the period. Bard Associates Inc. lifted its stake in shares of A-Mark Precious Metals by 1.0% during the fourth quarter. Bard Associates Inc. now owns 94,344 shares of the company's stock worth $2,585,000 after purchasing an additional 933 shares in the last quarter. SG Americas Securities LLC lifted its stake 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 purchasing an additional 949 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of A-Mark Precious Metals by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,851 shares of the company's stock worth $2,025,000 after buying an additional 1,652 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.
A-Mark Precious Metals Stock Down 1.1 %
Shares of AMRK stock traded down $0.27 during mid-day trading on Friday, reaching $23.57. 213,872 shares of the company were exchanged, compared to its average volume of 326,623. The company has a market capitalization of $542.56 million, a P/E ratio of 11.50 and a beta of 0.41. The business's 50 day simple moving average is $26.09 and its 200 day simple moving average is $29.80. 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 fifty-two week low of $20.60 and a fifty-two week high of $47.39.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.
A-Mark Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio is presently 39.02%.
Analyst Ratings Changes
AMRK has been the topic of several recent research reports. Northland Securities reduced their price target on 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. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Finally, DA Davidson restated a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $41.75.
Read Our Latest Stock Analysis 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.
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