D.A. Davidson & CO. Lowers Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

D.A. Davidson & CO. reduced its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 46.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,451 shares of the company’s stock after selling 13,289 shares during the period. D.A. Davidson & CO. owned about 0.07% of A-Mark Precious Metals worth $423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in A-Mark Precious Metals in the 3rd quarter worth approximately $26,000. SG Americas Securities LLC grew its stake in A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock worth $206,000 after acquiring an additional 949 shares during the period. Victory Capital Management Inc. purchased a new stake in A-Mark Precious Metals in the 3rd quarter worth approximately $226,000. Private Advisor Group LLC purchased a new stake in A-Mark Precious Metals in the 3rd quarter worth approximately $234,000. Finally, Intech Investment Management LLC acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at $251,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $27.33 on Wednesday. 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 firm has a market capitalization of $629.14 million, a price-to-earnings ratio of 13.33 and a beta of -0.02. The firm’s fifty day simple moving average is $27.41 and its 200 day simple moving average is $33.79. A-Mark Precious Metals, Inc. has a twelve month low of $24.87 and a twelve month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share 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 research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced 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 was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. A-Mark Precious Metals’s payout ratio is 39.02%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMRK. Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. DA Davidson decreased their price target on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, A-Mark Precious Metals 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.