A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stake Lessened by Perritt Capital Management Inc

Perritt Capital Management Inc trimmed its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,500 shares of the company’s stock after selling 5,500 shares during the quarter. Perritt Capital Management Inc’s holdings in A-Mark Precious Metals were worth $825,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMRK. SummerHaven Investment Management LLC lifted its position in shares of A-Mark Precious Metals by 2.1% during the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock worth $614,000 after purchasing an additional 391 shares during the last quarter. Riverwater Partners LLC grew its position in shares of A-Mark Precious Metals by 10.6% in the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after acquiring an additional 881 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at approximately $45,000. New York State Common Retirement Fund raised its position in shares of A-Mark Precious Metals by 49.2% during the 4th quarter. New York State Common Retirement Fund now owns 10,368 shares of the company’s stock valued at $314,000 after acquiring an additional 3,417 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after purchasing an additional 4,895 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Trading Up 0.9 %

A-Mark Precious Metals stock opened at $44.13 on Thursday. The firm has a 50-day moving average price of $36.94 and a two-hundred day moving average price of $35.22. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $44.30. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.54 and a beta of -0.05. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMRK shares. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, August 30th. B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, May 15th. Maxim Group assumed coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 target price for the company. Finally, DA Davidson increased their price target on A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and a consensus target price of $47.67.

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.