Massachusetts Financial Services Co. MA Cuts Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Massachusetts Financial Services Co. MA lowered its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 2.9% in the fourth quarter, Holdings Channel reports. The fund owned 25,484 shares of the company’s stock after selling 761 shares during the period. Massachusetts Financial Services Co. MA’s holdings in A-Mark Precious Metals were worth $698,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at $26,000. Rhumbline Advisers raised its stake in A-Mark Precious Metals by 2.1% in the fourth quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock valued at $817,000 after buying an additional 621 shares in the last quarter. Empowered Funds LLC lifted its holdings in A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock worth $483,000 after buying an additional 782 shares during the last quarter. Bard Associates Inc. boosted its position in shares of A-Mark Precious Metals by 1.0% during the 4th quarter. Bard Associates Inc. now owns 94,344 shares of the company’s stock worth $2,585,000 after acquiring an additional 933 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after acquiring an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMRK shares. Northland Securities decreased their target price on 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. DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $20.89 on Wednesday. The firm’s fifty day simple moving average is $27.01 and its 200-day simple moving average is $30.91. A-Mark Precious Metals, Inc. has a 12 month low of $20.75 and a 12 month high of $47.39. The stock has a market capitalization of $480.87 million, a price-to-earnings ratio of 10.19 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

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

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.83%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

A-Mark Precious Metals Company 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.