CWA Asset Management Group LLC Has $10.09 Million Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

CWA Asset Management Group LLC raised its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 38.6% in the 4th quarter, Holdings Channel reports. The firm owned 368,393 shares of the company’s stock after buying an additional 102,524 shares during the period. CWA Asset Management Group LLC’s holdings in A-Mark Precious Metals were worth $10,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMRK. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Quarry LP grew its position in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth approximately $88,000. nVerses Capital LLC lifted its holdings in A-Mark Precious Metals by 157.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $159,000 after acquiring an additional 2,200 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of A-Mark Precious Metals during the 3rd quarter valued at $226,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK traded down $0.23 during midday trading on Monday, reaching $27.99. The stock had a trading volume of 14,670 shares, compared to its average volume of 147,289. A-Mark Precious Metals, Inc. has a 12-month low of $24.22 and a 12-month high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock has a market cap of $648.92 million, a P/E ratio of 11.91 and a beta of -0.01. The firm has a fifty day simple moving average of $30.26 and a two-hundred day simple moving average of $35.65.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. DA Davidson cut their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.33.

A-Mark Precious Metals 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.