A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock Holdings Increased by Barclays PLC

Barclays PLC grew its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 349.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,536 shares of the company’s stock after buying an additional 22,181 shares during the period. Barclays PLC owned about 0.12% of A-Mark Precious Metals worth $1,259,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMRK. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter valued at approximately $26,000. Quarry LP grew its position in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth about $88,000. nVerses Capital LLC boosted its stake in A-Mark Precious Metals by 157.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after purchasing an additional 2,200 shares during the period. Finally, Victory Capital Management Inc. bought a new position in A-Mark Precious Metals in the 3rd quarter worth about $226,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

AMRK has been the topic of a number of recent analyst reports. DA Davidson cut their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.33.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $27.73 on Tuesday. A-Mark Precious Metals, Inc. has a 12-month low of $24.22 and a 12-month high of $47.39. The stock has a market capitalization of $642.89 million, a P/E ratio of 11.80 and a beta of -0.01. The firm’s 50 day moving average is $28.96 and its 200-day moving average is $35.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

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.