KLP Kapitalforvaltning AS Purchases New Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

KLP Kapitalforvaltning AS acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,300 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the third quarter worth $26,000. Farther Finance Advisors LLC grew its position in A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after acquiring an additional 1,840 shares during the last quarter. SG Americas Securities LLC increased its holdings 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 purchasing an additional 949 shares in the last quarter. Raymond James Financial Inc. bought a new position in A-Mark Precious Metals in the fourth quarter valued at about $237,000. Finally, Victory Capital Management Inc. boosted its stake in shares of A-Mark Precious Metals by 85.1% during the fourth quarter. Victory Capital Management Inc. now owns 9,456 shares of the company’s stock valued at $259,000 after purchasing an additional 4,347 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AMRK. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities dropped their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, 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 given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $21.08 on Tuesday. The company has a market capitalization of $485.24 million, a PE ratio of 10.28 and a beta of 0.41. A-Mark Precious Metals, Inc. has a fifty-two week low of $20.88 and a fifty-two week high of $47.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The company has a 50 day simple moving average of $27.26 and a two-hundred day simple moving average of $31.14.

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

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals’s dividend payout ratio is 39.02%.

A-Mark Precious Metals 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.