Yacktman Asset Management LP acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,000 shares of the company’s stock, valued at approximately $1,085,000. Yacktman Asset Management LP owned 0.16% of A-Mark Precious Metals as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in A-Mark Precious Metals by 1,515.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock valued at $2,881,000 after buying an additional 92,139 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in A-Mark Precious Metals by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 140,133 shares of the company’s stock valued at $4,110,000 after buying an additional 2,995 shares during the last quarter. Secure Asset Management LLC raised its holdings in A-Mark Precious Metals by 8.8% in the 3rd quarter. Secure Asset Management LLC now owns 28,215 shares of the company’s stock valued at $828,000 after buying an additional 2,284 shares during the last quarter. SG Americas Securities LLC acquired a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $250,000. Finally, FNY Investment Advisers LLC acquired a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $73,000. Institutional investors own 54.84% of the company’s stock.
A-Mark Precious Metals Stock Performance
Shares of NASDAQ AMRK traded down $0.47 during mid-day trading on Wednesday, reaching $28.12. 74,224 shares of the company’s stock were exchanged, compared to its average volume of 241,494. The firm has a market capitalization of $652.67 million, a price-to-earnings ratio of 5.40 and a beta of 0.04. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.84 and a quick ratio of 0.42. The firm has a 50-day moving average price of $28.66 and a two-hundred day moving average price of $32.06.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.79). A-Mark Precious Metals had a return on equity of 31.77% and a net margin of 1.31%. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Analysts predict that A-Mark Precious Metals, Inc. will post 6.52 EPS for the current year.
A-Mark Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, January 12th. A-Mark Precious Metals’s payout ratio is presently 15.12%.
Wall Street Analyst Weigh In
AMRK has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. B. Riley reduced their price objective on shares of A-Mark Precious Metals from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, September 25th.
View Our Latest Stock Analysis on AMRK
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.
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