A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Holdings Lifted by Yacktman Asset Management LP

Yacktman Asset Management LP increased its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 21.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,000 shares of the company’s stock after purchasing an additional 8,000 shares during the period. Yacktman Asset Management LP owned approximately 0.19% of A-Mark Precious Metals worth $1,361,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in A-Mark Precious Metals during the 4th quarter worth about $67,000. Raymond James & Associates bought a new position in A-Mark Precious Metals in the fourth quarter valued at approximately $236,000. SG Americas Securities LLC bought a new stake in shares of A-Mark Precious Metals during the third quarter worth $250,000. New York State Common Retirement Fund lifted its holdings in A-Mark Precious Metals by 49.2% during the 4th quarter. New York State Common Retirement Fund now owns 10,368 shares of the company’s stock worth $314,000 after buying an additional 3,417 shares during the period. Finally, Corton Capital Inc. boosted its holdings in A-Mark Precious Metals by 37.1% in the third quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock valued at $323,000 after acquiring an additional 2,986 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Trading Up 3.4 %

NASDAQ AMRK traded up $1.32 on Friday, reaching $39.86. The stock had a trading volume of 374,685 shares, compared to its average volume of 348,451. The stock has a fifty day moving average price of $30.89 and a two-hundred day moving average price of $29.17. The firm has a market capitalization of $910.80 million, a price-to-earnings ratio of 8.55 and a beta of 0.02. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. As a group, sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 17.74%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. DA Davidson raised their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday. Finally, B. Riley cut their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, February 21st.

Insider Transactions at A-Mark Precious Metals

In other news, Director Michael R. Wittmeyer sold 22,383 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the transaction, the director now directly owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now directly owns 408,225 shares in the company, valued at $10,732,235.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the sale, the director now directly owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The disclosure for this sale can be found here. Insiders have sold a total of 53,637 shares of company stock worth $1,396,360 in the last 90 days. 23.20% of the stock is owned by insiders.

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.