Marshall Wace LLP Lowers Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Marshall Wace LLP reduced its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 49.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,053 shares of the company’s stock after selling 36,572 shares during the period. Marshall Wace LLP’s holdings in A-Mark Precious Metals were worth $1,015,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC boosted its holdings in A-Mark Precious Metals by 92.6% during the fourth quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company’s stock worth $4,303,000 after buying an additional 75,486 shares in the last quarter. Jump Financial LLC lifted its position in shares of A-Mark Precious Metals by 279.9% during the 4th quarter. Jump Financial LLC now owns 20,953 shares of the company’s stock valued at $574,000 after acquiring an additional 15,438 shares during the period. Walleye Capital LLC purchased a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $345,000. Barclays PLC grew its holdings in shares of A-Mark Precious Metals by 8.8% in the 4th quarter. Barclays PLC now owns 31,045 shares of the company’s stock worth $850,000 after acquiring an additional 2,509 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in A-Mark Precious Metals during the fourth quarter worth $237,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMRK shares. Northland Securities decreased their price objective 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. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price target on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, B. Riley dropped their price objective on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday. Four 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 an average target price of $42.00.

A-Mark Precious Metals Trading Up 1.1 %

A-Mark Precious Metals stock opened at $24.36 on Thursday. The stock has a 50-day moving average price of $25.57 and a 200 day moving average price of $28.80. A-Mark Precious Metals, Inc. has a 52 week low of $20.60 and a 52 week high of $47.39. The stock has a market cap of $560.74 million, a PE ratio of 11.88 and a beta of 0.41. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34.

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 predict 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 declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals’s dividend payout ratio is presently 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.