A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Shares Sold by Numerai GP LLC

Numerai GP LLC cut its holdings in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 37.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,996 shares of the company’s stock after selling 24,733 shares during the quarter. Numerai GP LLC’s holdings in A-Mark Precious Metals were worth $1,123,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in A-Mark Precious Metals by 4.8% during 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 in the last quarter. Rhumbline Advisers lifted its holdings in A-Mark Precious Metals by 2.1% during the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock worth $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 in the last quarter. Bridgeway Capital Management LLC lifted its holdings in A-Mark Precious Metals by 2.9% during 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 in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock valued at $53,000 after purchasing an additional 806 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. DA Davidson reduced their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. B. Riley lowered their price objective on shares of 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. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. Finally, Northland Securities dropped their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.50.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $22.60 on Wednesday. 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 stock has a market cap of $520.23 million, a P/E ratio of 11.02 and a beta of 0.32. The company has a 50-day moving average of $24.96 and a two-hundred day moving average of $27.61. A-Mark Precious Metals, Inc. has a 12-month low of $19.76 and a 12-month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.54). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.66 billion. A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.54%. A-Mark Precious Metals’s payout ratio is 54.05%.

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.