A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating)'s share price was up 6.3% on Thursday after DA Davidson raised their price target on the stock from $52.00 to $57.00. The stock traded as high as $26.02 and last traded at $25.98. Approximately 905 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 279,678 shares. The stock had previously closed at $24.43.

Separately, Northland Securities upped their price objective on shares of A-Mark Precious Metals from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, May 25th.

Institutional Trading of A-Mark Precious Metals

Large investors have recently added to or reduced their stakes in the business. G2 Investment Partners Management LLC bought a new stake in A-Mark Precious Metals in the first quarter worth approximately $6,357,000. Nkcfo LLC grew its position in A-Mark Precious Metals by 141.9% in the second quarter. Nkcfo LLC now owns 10,400 shares of the company's stock worth $335,000 after acquiring an additional 6,100 shares in the last quarter. Bailard Inc. grew its position in A-Mark Precious Metals by 9.2% in the first quarter. Bailard Inc. now owns 4,747 shares of the company's stock worth $367,000 after acquiring an additional 400 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in A-Mark Precious Metals in the first quarter worth approximately $87,000. Finally, FNY Investment Advisers LLC bought a new stake in A-Mark Precious Metals in the first quarter worth approximately $618,000. 59.78% of the stock is owned by institutional investors.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, September 26th. Investors of record on Monday, September 12th will be issued a dividend of $1.00 per share. This represents a dividend yield of 3.57%. The ex-dividend date is Friday, September 9th.

About A-Mark Precious Metals

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A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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.

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