Bank of New York Mellon Corp Acquires 65,014 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Bank of New York Mellon Corp boosted its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 43.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 214,270 shares of the company’s stock after buying an additional 65,014 shares during the period. Bank of New York Mellon Corp owned approximately 0.92% of A-Mark Precious Metals worth $5,871,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new stake in A-Mark Precious Metals during the third quarter valued at about $226,000. Empowered Funds LLC raised its position in A-Mark Precious Metals by 5.0% during the third quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock valued at $744,000 after purchasing an additional 804 shares in the last quarter. Quest Partners LLC raised its position in A-Mark Precious Metals by 748,300.0% during the third quarter. Quest Partners LLC now owns 7,484 shares of the company’s stock valued at $330,000 after purchasing an additional 7,483 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in A-Mark Precious Metals during the third quarter valued at about $356,000. Finally, Intech Investment Management LLC purchased a new stake in A-Mark Precious Metals during the third quarter valued at about $251,000. Institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. DA Davidson restated a “buy” rating and set a $35.00 price target on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, Northland Securities lowered 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. Four research 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, the company currently has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Up 1.6 %

AMRK opened at $27.75 on Monday. The company has a market cap of $638.78 million, a P/E ratio of 13.54 and a beta of 0.07. The business’s 50-day moving average price is $27.57 and its 200-day moving average price is $32.94. 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 released its quarterly earnings data on Thursday, February 6th. The company reported $0.55 EPS 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%. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

A-Mark Precious Metals 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.