Nuveen LLC Takes $6.35 Million Position in A-Mark Precious Metals, Inc. $AMRK

Nuveen LLC purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 250,295 shares of the company’s stock, valued at approximately $6,350,000. Nuveen LLC owned about 1.09% of A-Mark Precious Metals at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AMRK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in A-Mark Precious Metals by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after buying an additional 456 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in A-Mark Precious Metals by 6.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,405 shares of the company’s stock worth $213,000 after buying an additional 485 shares during the last quarter. Bridgeway Capital Management LLC lifted its position in A-Mark Precious Metals by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 27,640 shares of the company’s stock worth $757,000 after buying an additional 782 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in A-Mark Precious Metals by 19.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the company’s stock worth $227,000 after buying an additional 1,379 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in A-Mark Precious Metals by 13.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,982 shares of the company’s stock worth $329,000 after buying an additional 1,406 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

Shares of AMRK stock opened at $23.80 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $22.33 and its 200 day moving average is $23.65. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $47.39. The stock has a market cap of $585.96 million, a price-to-earnings ratio of 16.08 and a beta of 0.14.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, July 18th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, July 18th. A-Mark Precious Metals’s payout ratio is 54.05%.

Insider Buying and Selling

In other A-Mark Precious Metals news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 48.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMRK. Wall Street Zen upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Saturday, May 17th. B. Riley lowered their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Finally, DA Davidson reduced 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 note on Thursday, May 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

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.