Alliancebernstein L.P. Sells 5,320 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Alliancebernstein L.P. lessened its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,350 shares of the company’s stock after selling 5,320 shares during the quarter. Alliancebernstein L.P. owned about 0.06% of A-Mark Precious Metals worth $393,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMRK. CWA Asset Management Group LLC increased its position in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after purchasing an additional 102,524 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of A-Mark Precious Metals by 43.6% in the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock worth $5,871,000 after buying an additional 65,014 shares during the period. Teacher Retirement System of Texas purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at about $1,473,000. Barclays PLC boosted its holdings in A-Mark Precious Metals by 349.0% during the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after acquiring an additional 22,181 shares during the period. Finally, Geode Capital Management LLC grew its position in A-Mark Precious Metals by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after acquiring an additional 22,087 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

AMRK has been the subject of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Performance

A-Mark Precious Metals stock opened at $23.57 on Monday. The stock’s 50 day moving average is $26.09 and its 200 day moving average is $29.59. The company has a market capitalization of $542.56 million, a P/E ratio of 11.50 and a beta of 0.41. A-Mark Precious Metals, Inc. has a twelve month low of $20.60 and a twelve month high of $47.39. 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 (NASDAQ:AMRK) last released its 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%. On average, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, April 15th. A-Mark Precious Metals’s payout ratio is 39.02%.

About A-Mark Precious Metals

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.