Proficio Capital Partners LLC Invests $338,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Proficio Capital Partners LLC purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 12,330 shares of the company’s stock, valued at approximately $338,000. Proficio Capital Partners LLC owned approximately 0.05% of A-Mark Precious Metals as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AMRK. Hobbs Group Advisors LLC bought a new position in A-Mark Precious Metals during the third quarter valued at about $26,000. SG Americas Securities LLC grew its position in A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock worth $206,000 after buying an additional 949 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of A-Mark Precious Metals in the third quarter valued at $226,000. Intech Investment Management LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth $251,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of A-Mark Precious Metals during the fourth quarter valued at $307,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMRK has been the topic of a number of analyst reports. Northland Securities dropped 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 note 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, DA Davidson reiterated a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Down 0.5 %

AMRK opened at $28.18 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The company has a market capitalization of $648.68 million, a PE ratio of 13.75 and a beta of 0.07. The business has a 50-day moving average of $27.69 and a 200-day moving average of $32.38. A-Mark Precious Metals, Inc. has a fifty-two week low of $25.01 and a fifty-two week 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 earnings per share (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%. Equities research 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. Stockholders of record on Tuesday, January 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is 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.