UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 7,124 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 15.5% during the 4th quarter, HoldingsChannel reports. The fund owned 52,975 shares of the company’s stock after acquiring an additional 7,124 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in A-Mark Precious Metals were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AMRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of A-Mark Precious Metals by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock valued at $275,000 after purchasing an additional 456 shares in the last quarter. Rhumbline Advisers grew its holdings in A-Mark Precious Metals by 2.1% during the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock valued at $817,000 after buying an additional 621 shares in the last quarter. Empowered Funds LLC increased its stake in A-Mark Precious Metals by 4.6% in the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock worth $483,000 after acquiring an additional 782 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in A-Mark Precious Metals by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 27,640 shares of the company’s stock worth $757,000 after acquiring an additional 782 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after acquiring an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Up 1.4%

Shares of AMRK stock opened at $20.92 on Monday. A-Mark Precious Metals, Inc. has a 1 year low of $19.39 and a 1 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 stock’s 50 day simple moving average is $22.32 and its two-hundred day simple moving average is $25.88. The company has a market cap of $515.16 million, a PE ratio of 10.20 and a beta of 0.20.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Tuesday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 54.05%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMRK shares. Wall Street Zen raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. DA Davidson lowered their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. 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, April 29th.

Insider Buying and Selling at A-Mark Precious Metals

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of A-Mark Precious Metals stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 48.64% of the company’s stock.

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.