Bard Associates Inc. Purchases 933 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Bard Associates Inc. grew its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,344 shares of the company’s stock after acquiring an additional 933 shares during the period. Bard Associates Inc.’s holdings in A-Mark Precious Metals were worth $2,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $26,000. SG Americas Securities LLC raised its stake in A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after buying an additional 949 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals in the third quarter valued at approximately $226,000. Private Advisor Group LLC bought a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $234,000. Finally, Intech Investment Management LLC acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $251,000. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK opened at $26.19 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The firm has a market cap of $602.87 million, a price-to-earnings ratio of 12.78 and a beta of -0.02. The stock’s fifty day moving average price is $27.49 and its two-hundred day moving average price is $33.53. A-Mark Precious Metals, Inc. has a one year low of $25.01 and a one year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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%. On average, equities analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.05%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMRK. DA Davidson cut their price target on A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 7th. Northland Securities cut their target price on shares of 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. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.75.

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.