Charles Schwab Investment Management Inc. Reduces Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Charles Schwab Investment Management Inc. decreased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 27.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,510 shares of the company’s stock after selling 94,698 shares during the period. Charles Schwab Investment Management Inc. owned 1.06% of A-Mark Precious Metals worth $6,754,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after buying an additional 22,087 shares during the period. Barclays PLC boosted its holdings in A-Mark Precious Metals by 349.0% in the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after acquiring an additional 22,181 shares in the last quarter. CWA Asset Management Group LLC increased its position in A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after purchasing an additional 102,524 shares during the period. Proficio Capital Partners LLC bought a new position in A-Mark Precious Metals in the 4th quarter worth $338,000. Finally, FMR LLC lifted its position in shares of A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Down 0.4 %

NASDAQ AMRK opened at $28.31 on Tuesday. The stock’s fifty day moving average price is $27.68 and its 200-day moving average price is $32.49. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a market cap of $651.67 million, a P/E ratio of 13.81 and a beta of 0.07. 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 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 net margin of 0.46% and a return on equity of 9.29%. As a group, equities analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were issued a $0.20 dividend. 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 2.83%. A-Mark Precious Metals’s payout ratio is currently 39.02%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMRK shares. DA Davidson reiterated 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. Northland Securities decreased their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.75.

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.