38,085 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV bought a new stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the second quarter, HoldingsChannel reports. The institutional investor bought 38,085 shares of the company’s stock, valued at approximately $1,233,000.

Several other large investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its stake in A-Mark Precious Metals by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock valued at $614,000 after acquiring an additional 391 shares during the last quarter. Riverwater Partners LLC raised its holdings in shares of A-Mark Precious Metals by 10.6% during the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after buying an additional 881 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of 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 worth $314,000 after buying an additional 3,417 shares during the last quarter. Quantbot Technologies LP grew its position in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its stake in A-Mark Precious Metals by 1.3% during the fourth quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock worth $12,828,000 after acquiring an additional 5,437 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock traded up $3.26 during midday trading on Friday, hitting $38.97. 1,011,890 shares of the company’s stock were exchanged, compared to its average volume of 363,098. The company has a market cap of $890.66 million, a P/E ratio of 11.95 and a beta of -0.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The stock 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, Inc. has a 52-week low of $23.14 and a 52-week high of $42.48.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 2.05%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Analyst Upgrades and Downgrades

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

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.