Bank of New York Mellon Corp Increases Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Bank of New York Mellon Corp boosted its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 43.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,270 shares of the company’s stock after purchasing an additional 65,014 shares during the period. Bank of New York Mellon Corp’s holdings in A-Mark Precious Metals were worth $5,871,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $26,000. Victory Capital Management Inc. bought a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $226,000. Intech Investment Management LLC bought a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $251,000. Quest Partners LLC boosted its position in A-Mark Precious Metals by 748,300.0% during the 3rd quarter. Quest Partners LLC now owns 7,484 shares of the company’s stock valued at $330,000 after acquiring an additional 7,483 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in A-Mark Precious Metals by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after acquiring an additional 949 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

AMRK has been the topic of several research reports. Northland Securities cut their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. DA Davidson reaffirmed a “buy” rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $27.75 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $27.57 and its 200-day moving average price is $32.94. A-Mark Precious Metals, Inc. has a 52 week low of $25.01 and a 52 week high of $47.39. The stock has a market cap of $638.78 million, a P/E ratio of 13.54 and a beta of 0.07.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Equities research analysts anticipate 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 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 was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. A-Mark Precious Metals’s payout ratio is currently 39.02%.

A-Mark Precious Metals Company 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.