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

American Century Companies Inc. lessened its stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,206,073 shares of the company’s stock after selling 9,653 shares during the period. American Century Companies Inc. owned 5.20% of A-Mark Precious Metals worth $33,046,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new stake in shares of A-Mark Precious Metals in the 4th quarter worth approximately $1,473,000. Intech Investment Management LLC lifted its position in A-Mark Precious Metals by 120.6% in the fourth quarter. Intech Investment Management LLC now owns 12,537 shares of the company’s stock worth $344,000 after purchasing an additional 6,855 shares during the period. Farther Finance Advisors LLC boosted its stake in A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock valued at $62,000 after purchasing an additional 1,840 shares in the last quarter. Raymond James Financial Inc. bought a new position in A-Mark Precious Metals during the 4th quarter valued at $237,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of A-Mark Precious Metals during the 4th quarter valued at $338,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Down 6.9 %

Shares of A-Mark Precious Metals stock opened at $26.45 on Friday. A-Mark Precious Metals, Inc. has a 12-month low of $25.01 and a 12-month high of $47.39. The firm has a market capitalization of $608.85 million, a PE ratio of 12.90 and a beta of 0.07. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $27.68 and its 200-day moving average is $32.20.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data 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 return on equity of 9.29% and a net margin of 0.46%. Equities analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

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

Analyst Upgrades and Downgrades

AMRK has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. 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 for the company in a report on Friday, February 7th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and a consensus 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.