Fox Run Management L.L.C. Invests $425,000 in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Fox Run Management L.L.C. purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,525 shares of the company’s stock, valued at approximately $425,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in shares of A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the last quarter. Geode Capital Management LLC boosted its stake in A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after purchasing an additional 22,087 shares during the period. CWA Asset Management Group LLC grew its holdings in A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after buying an additional 102,524 shares in the last quarter. Bank of New York Mellon Corp increased its position in A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock worth $5,871,000 after buying an additional 65,014 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of A-Mark Precious Metals by 11.9% during the fourth quarter. Sei Investments Co. now owns 150,892 shares of the company’s stock worth $4,134,000 after buying an additional 15,988 shares in the last quarter. 75.25% of the stock is owned by institutional investors.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK opened at $28.18 on Wednesday. The firm’s 50 day simple moving average is $27.69 and its 200 day simple moving average is $32.38. The firm has a market capitalization of $648.68 million, a price-to-earnings ratio of 13.75 and a beta of 0.07. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a 1 year low of $25.01 and a 1 year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. DA Davidson restated a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, A-Mark Precious Metals currently has an average rating of “Hold” and an average price target of $41.75.

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.