2,765 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Acquired by NBC Securities Inc.

NBC Securities Inc. acquired a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,765 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMRK. Ameriprise Financial Inc. bought a new position in A-Mark Precious Metals in the fourth quarter worth approximately $5,059,000. Invesco Ltd. grew its stake in A-Mark Precious Metals by 47.2% in the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company’s stock worth $6,517,000 after purchasing an additional 76,301 shares in the last quarter. Evergreen Capital Management LLC boosted its position in A-Mark Precious Metals by 92.6% during the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company’s stock valued at $4,303,000 after acquiring an additional 75,486 shares in the last quarter. Bank of New York Mellon Corp boosted its position in A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock valued at $5,871,000 after acquiring an additional 65,014 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in A-Mark Precious Metals during the 4th quarter valued at $1,473,000. Institutional investors own 75.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AMRK shares. Wall Street Zen raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Saturday, May 17th. DA Davidson dropped their target price on A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, B. Riley dropped their target price on A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $21.60 on Thursday. A-Mark Precious Metals, Inc. has a 12 month low of $19.39 and a 12 month high of $47.39. The stock has a fifty day moving average price of $22.20 and a 200-day moving average price of $25.76. 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 has a market cap of $531.90 million, a PE ratio of 10.54 and a beta of 0.20.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.66 billion. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.70%. A-Mark Precious Metals’s dividend payout ratio is presently 54.05%.

Insider Activity

In related news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $20.68, for a total value of $103,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 48.64% of the company’s stock.

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.