Rhumbline Advisers Raises Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Rhumbline Advisers grew its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,814 shares of the company’s stock after buying an additional 621 shares during the period. Rhumbline Advisers’ holdings in A-Mark Precious Metals were worth $817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMRK. Bard Associates Inc. lifted its position in shares of A-Mark Precious Metals by 0.4% in the third quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after acquiring an additional 396 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in A-Mark Precious Metals in the 3rd quarter worth approximately $26,000. Empowered Funds LLC grew its holdings in A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock valued at $483,000 after buying an additional 782 shares in the last quarter. SG Americas Securities LLC raised its position in shares of A-Mark Precious Metals by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after buying an additional 949 shares during the last quarter. Finally, Aigen Investment Management LP lifted its holdings in shares of A-Mark Precious Metals by 20.8% in the third quarter. Aigen Investment Management LP now owns 9,395 shares of the company’s stock worth $415,000 after buying an additional 1,615 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Stock Up 0.5 %

NASDAQ AMRK opened at $27.21 on Friday. The company has a fifty day moving average of $27.54 and a two-hundred day moving average of $33.38. The firm has a market capitalization of $626.35 million, a price-to-earnings ratio of 13.27 and a beta of -0.02. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a 52 week low of $25.01 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.55 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%. On average, 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, January 28th. Investors of record on Tuesday, January 14th were paid a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.94%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 39.02%.

Analyst Ratings Changes

AMRK has been the subject of several research reports. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 7th. Northland Securities lowered their target price on 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. 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $41.75.

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.