TrueMark Investments LLC Purchases New Stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

TrueMark Investments LLC purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 2nd quarter, HoldingsChannel reports. The fund purchased 13,889 shares of the company’s stock, valued at approximately $450,000.

Several other hedge funds have also bought and sold shares of AMRK. Raymond James & Associates acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at $236,000. New York State Common Retirement Fund lifted its stake 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 valued at $314,000 after acquiring an additional 3,417 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in A-Mark Precious Metals by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after acquiring an additional 67,452 shares in the last quarter. Jump Financial LLC lifted its stake in A-Mark Precious Metals by 22.8% during the 4th quarter. Jump Financial LLC now owns 38,600 shares of the company’s stock valued at $1,168,000 after acquiring an additional 7,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after acquiring an additional 106,842 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Maxim Group assumed coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective on the stock. Northland Capmk cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. B. Riley cut A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, May 15th. Northland Securities cut A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.67.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK traded up $3.26 during mid-day trading on Friday, reaching $38.97. 1,011,890 shares of the company’s stock were exchanged, compared to its average volume of 363,098. The firm has a market capitalization of $890.66 million, a price-to-earnings ratio of 11.95 and a beta of -0.06. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The firm has a 50-day moving average price of $35.45 and a two-hundred day moving average price of $34.23.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s payout ratio is 24.54%.

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.