A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock Holdings Lifted by Barclays PLC

Barclays PLC increased its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 349.0% in the third quarter, HoldingsChannel reports. The firm owned 28,536 shares of the company’s stock after acquiring an additional 22,181 shares during the period. Barclays PLC’s holdings in A-Mark Precious Metals were worth $1,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new stake in shares of A-Mark Precious Metals in the third quarter valued at $26,000. Quarry LP boosted its position in 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 acquiring an additional 539 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in A-Mark Precious Metals during the 3rd quarter valued at about $88,000. nVerses Capital LLC increased its holdings in shares of A-Mark Precious Metals by 157.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after purchasing an additional 2,200 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth approximately $226,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Price Performance

NASDAQ AMRK opened at $27.73 on Tuesday. 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 capitalization of $642.89 million, a PE ratio of 11.80 and a beta of -0.01. 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 50 day moving average price of $28.96 and a two-hundred day moving average price of $35.43.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is 34.04%.

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.