DekaBank Deutsche Girozentrale Takes $67,000 Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

DekaBank Deutsche Girozentrale purchased a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,139 shares of the company’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMRK. Bank of New York Mellon Corp lifted its position in shares of A-Mark Precious Metals by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 54,841 shares of the company’s stock valued at $4,242,000 after acquiring an additional 1,148 shares during the period. Group One Trading L.P. acquired a new position in shares of A-Mark Precious Metals during the 1st quarter worth approximately $621,000. MetLife Investment Management LLC raised its position in shares of A-Mark Precious Metals by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 5,273 shares of the company’s stock worth $408,000 after purchasing an additional 1,946 shares during the last quarter. Rhumbline Advisers raised its position in shares of A-Mark Precious Metals by 14.9% during the 1st quarter. Rhumbline Advisers now owns 11,591 shares of the company’s stock worth $896,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of A-Mark Precious Metals by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 320,943 shares of the company’s stock worth $24,824,000 after purchasing an additional 22,632 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Down 2.0 %

AMRK stock opened at $36.76 on Thursday. The stock has a market capitalization of $839.97 million, a P/E ratio of 8.15 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. A-Mark Precious Metals, Inc. has a one year low of $23.14 and a one year high of $42.48. The company has a 50 day moving average price of $29.53 and a two-hundred day moving average price of $28.79.

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

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed 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 2.18%. A-Mark Precious Metals’s dividend payout ratio is presently 17.74%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AMRK shares. DA Davidson lifted their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. B. Riley lowered their target price on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th.

Insider Activity

In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jess M. Ravich acquired 20,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $25.63 per share, with a total value of $512,600.00. Following the completion of the purchase, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The disclosure for this purchase can be found here. Insiders sold 53,637 shares of company stock valued at $1,396,360 in the last ninety days. Company insiders own 23.20% of the company’s stock.

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.