A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Holdings Decreased by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,206,073 shares of the company’s stock after selling 9,653 shares during the period. American Century Companies Inc. owned approximately 0.05% of A-Mark Precious Metals worth $33,046,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMRK. Hobbs Group Advisors LLC purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth approximately $26,000. Farther Finance Advisors LLC lifted its position in A-Mark Precious Metals by 446.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after buying an additional 1,840 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of A-Mark Precious Metals by 14.5% during the 4th 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 period. Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals in the third quarter valued at about $226,000. Finally, Raymond James Financial Inc. bought a new stake in shares of A-Mark Precious Metals in the 4th quarter valued at approximately $237,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $26.45 on Friday. The firm has a market capitalization of $608.85 million, a PE ratio of 12.90 and a beta of 0.07. A-Mark Precious Metals, Inc. has a 1 year low of $25.01 and a 1 year high of $47.39. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $27.68 and its 200 day simple moving average is $32.20.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (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, sell-side analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.02%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio is currently 39.02%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMRK. Northland Securities cut their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, DA Davidson reissued a “buy” rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Four equities 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, the company presently has an average rating of “Hold” and an average price target of $41.75.

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.