Riverwater Partners LLC Buys 11,008 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Riverwater Partners LLC increased its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,782 shares of the company’s stock after acquiring an additional 11,008 shares during the quarter. Riverwater Partners LLC owned about 0.24% of A-Mark Precious Metals worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased 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 worth $19,072,000 after acquiring an additional 22,087 shares during the last quarter. Barclays PLC grew its holdings in shares of A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock worth $1,259,000 after purchasing an additional 22,181 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of A-Mark Precious Metals in the fourth quarter worth approximately $338,000. CWA Asset Management Group LLC raised its stake in A-Mark Precious Metals by 38.6% in the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after purchasing an additional 102,524 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in A-Mark Precious Metals by 43.6% during the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock valued at $5,871,000 after purchasing an additional 65,014 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMRK shares. DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities cut their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Down 4.0 %

A-Mark Precious Metals stock opened at $22.28 on Friday. A-Mark Precious Metals, Inc. has a 12 month low of $21.28 and a 12 month high of $47.39. The stock has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $31.47. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The firm has a market cap of $512.86 million, a price-to-earnings ratio of 10.87 and a beta of 0.07.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data 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%. Equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.59%. A-Mark Precious Metals’s dividend payout ratio is 39.02%.

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.