Yacktman Asset Management LP Increases Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Yacktman Asset Management LP boosted its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Yacktman Asset Management LP’s holdings in A-Mark Precious Metals were worth $1,361,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Secure Asset Management LLC lifted its position in shares of A-Mark Precious Metals by 2.4% during the fourth quarter. Secure Asset Management LLC now owns 28,890 shares of the company’s stock worth $874,000 after purchasing an additional 675 shares in the last quarter. Deutsche Bank AG lifted its position in shares of A-Mark Precious Metals by 4.3% during the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock worth $821,000 after purchasing an additional 1,165 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals in the fourth quarter valued at approximately $67,000. SG Americas Securities LLC raised its holdings in A-Mark Precious Metals by 27.4% in the fourth quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock valued at $328,000 after acquiring an additional 2,334 shares in the last quarter. Finally, Corton Capital Inc. raised its holdings in A-Mark Precious Metals by 37.1% in the third quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock valued at $323,000 after acquiring an additional 2,986 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the transaction, the director now directly owns 453,283 shares in the company, valued at approximately $11,812,554.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is owned by company insiders.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock traded up $1.32 during trading on Friday, reaching $39.86. The company’s stock had a trading volume of 374,685 shares, compared to its average volume of 348,451. The company has a 50-day moving average price of $30.89 and a two-hundred day moving average price of $29.17. The firm has a market cap of $910.80 million, a PE ratio of 8.55 and a beta of 0.02. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $42.48. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. On average, analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.80 annualized dividend and a yield of 2.01%. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday. B. Riley reduced their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, DA Davidson boosted their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th.

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.