Proficio Capital Partners LLC Buys New Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Proficio Capital Partners LLC purchased a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the 4th quarter, HoldingsChannel reports. The firm purchased 12,330 shares of the company’s stock, valued at approximately $338,000.

A number of other large investors also recently modified their holdings of AMRK. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals in the third quarter worth $26,000. SG Americas Securities LLC grew its stake in shares of 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 valued at $206,000 after purchasing an additional 949 shares during the period. Victory Capital Management Inc. acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter worth approximately $226,000. Intech Investment Management LLC bought a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $251,000. Finally, Exchange Traded Concepts LLC acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at $307,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $35.00 price target on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, Northland Securities reduced 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 research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock opened at $28.18 on Wednesday. A-Mark Precious Metals, Inc. has a 12-month low of $25.01 and a 12-month high of $47.39. The business’s 50-day simple moving average is $27.69 and its 200 day simple moving average is $32.38. 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 stock has a market cap of $648.68 million, a price-to-earnings ratio of 13.75 and a beta of 0.07.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data 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 net margin of 0.46% and a return on equity of 9.29%. As a group, research analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. A-Mark Precious Metals’s payout ratio is 39.02%.

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.