Raymond James Financial Inc. Makes New $237,000 Investment in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Raymond James Financial Inc. bought a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the 4th quarter, Holdings Channel.com reports. The fund bought 8,638 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after purchasing an additional 22,087 shares during the period. CWA Asset Management Group LLC raised its position in shares of A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after buying an additional 102,524 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock worth $5,871,000 after acquiring an additional 65,014 shares during the period. Bard Associates Inc. boosted its position in shares of A-Mark Precious Metals by 1.0% during the 4th quarter. Bard Associates Inc. now owns 94,344 shares of the company’s stock worth $2,585,000 after acquiring an additional 933 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of A-Mark Precious Metals by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,851 shares of the company’s stock worth $2,025,000 after acquiring an additional 1,652 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AMRK. Northland Securities lowered their price objective 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 report on Friday, February 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, DA Davidson restated 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. Four 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, A-Mark Precious Metals has an average rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $23.82 on Friday. A-Mark Precious Metals, Inc. has a one year low of $20.60 and a one year high of $47.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The company has a market cap of $548.31 million, a price-to-earnings ratio of 11.62 and a beta of 0.41. The firm has a 50 day simple moving average of $26.61 and a 200 day simple moving average of $30.44.

A-Mark Precious Metals (NASDAQ:AMRK) last announced 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 net margin of 0.46% and a return on equity of 9.29%. Research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.36%. A-Mark Precious Metals’s dividend payout ratio is presently 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.