American Century Companies Inc. Trims Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

American Century Companies Inc. decreased its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 19.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,456,987 shares of the company’s stock after selling 355,490 shares during the quarter. American Century Companies Inc. owned approximately 6.37% of A-Mark Precious Metals worth $47,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of A-Mark Precious Metals in the second quarter worth approximately $45,000. Quest Partners LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter worth $184,000. Capstone Investment Advisors LLC purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter worth $220,000. Quantbot Technologies LP raised its holdings in A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after purchasing an additional 4,895 shares during the period. Finally, Riverwater Partners LLC lifted its position in A-Mark Precious Metals by 10.6% during the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after purchasing an additional 881 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Stock Down 4.5 %

NASDAQ AMRK opened at $44.81 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $47.39. The stock’s 50 day moving average is $37.70 and its 200 day moving average is $35.72. The stock has a market cap of $1.02 billion, a PE ratio of 13.75 and a beta of -0.05.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.79%. A-Mark Precious Metals’s dividend payout ratio is 24.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMRK. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday. DA Davidson raised their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Maxim Group started coverage on shares of A-Mark Precious Metals in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average price target of $47.67.

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.