Rhumbline Advisers Boosts Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Rhumbline Advisers increased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,814 shares of the company’s stock after purchasing an additional 621 shares during the period. Rhumbline Advisers owned approximately 0.13% of A-Mark Precious Metals worth $817,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $234,000. CWA Asset Management Group LLC bought a new position in shares of A-Mark Precious Metals in the third quarter worth approximately $11,741,000. Nations Financial Group Inc. IA ADV increased its stake in shares of A-Mark Precious Metals by 44.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock worth $2,430,000 after buying an additional 16,935 shares during the period. Aigen Investment Management LP boosted its position in A-Mark Precious Metals by 20.8% during the 3rd quarter. Aigen Investment Management LP now owns 9,395 shares of the company’s stock valued at $415,000 after buying an additional 1,615 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in A-Mark Precious Metals in the 3rd quarter worth $226,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMRK. DA Davidson reduced their price target on A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. 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 on the stock in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $27.21 on Friday. The business has a fifty day simple moving average of $27.54 and a two-hundred day simple moving average of $33.38. The firm has a market capitalization of $626.35 million, a P/E ratio of 13.27 and a beta of -0.02. 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, Inc. has a 12 month low of $25.01 and a 12 month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced 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 net margin of 0.46% and a return on equity of 9.29%. On average, equities analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. A-Mark Precious Metals’s 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.