Alliancebernstein L.P. Reduces Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Alliancebernstein L.P. lowered its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,350 shares of the company’s stock after selling 5,320 shares during the period. Alliancebernstein L.P.’s holdings in A-Mark Precious Metals were worth $393,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of A-Mark Precious Metals by 349.0% during the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after purchasing an additional 22,181 shares during the period. Geode Capital Management LLC boosted its holdings in shares of A-Mark Precious Metals by 5.4% in the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after buying an additional 22,087 shares during the last quarter. JPMorgan Chase & Co. grew its position in A-Mark Precious Metals by 136.3% during the third quarter. JPMorgan Chase & Co. now owns 35,207 shares of the company’s stock valued at $1,555,000 after buying an additional 20,309 shares during the period. CWA Asset Management Group LLC increased its holdings in A-Mark Precious Metals by 38.6% during the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after buying an additional 102,524 shares during the last quarter. Finally, SG Americas Securities LLC raised its position 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 worth $206,000 after acquiring an additional 949 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMRK. DA Davidson reissued 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. Northland Securities cut their price target on 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Down 1.1 %

Shares of AMRK stock opened at $23.57 on Monday. The company has a market capitalization of $542.56 million, a price-to-earnings ratio of 11.50 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. The company’s fifty day moving average price is $26.09 and its 200-day moving average price is $29.59. A-Mark Precious Metals, Inc. has a one year low of $20.60 and a one year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data 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%. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, April 15th. A-Mark Precious Metals’s payout ratio is currently 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.