Ritholtz Wealth Management raised its position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) by 117.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,990 shares of the company's stock after purchasing an additional 3,777 shares during the quarter. Ritholtz Wealth Management's holdings in A-Mark Precious Metals were worth $225,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Keeley Teton Advisors LLC lifted its holdings in shares of A-Mark Precious Metals by 3.4% in the first quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company's stock worth $464,000 after buying an additional 200 shares in the last quarter. EAM Investors LLC lifted its holdings in shares of A-Mark Precious Metals by 0.7% in the first quarter. EAM Investors LLC now owns 34,681 shares of the company's stock worth $2,682,000 after buying an additional 241 shares in the last quarter. Bailard Inc. lifted its holdings in shares of 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 buying an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in A-Mark Precious Metals during the first quarter valued at $61,000. Finally, New York State Teachers Retirement System purchased a new stake in A-Mark Precious Metals during the first quarter valued at $62,000. Hedge funds and other institutional investors own 59.78% of the company's stock.
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A-Mark Precious Metals Trading Up 5.0 %
AMRK stock opened at $26.80 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. A-Mark Precious Metals, Inc. has a twelve month low of $23.71 and a twelve month high of $44.60. The stock has a market capitalization of $626.66 million, a price-to-earnings ratio of 4.85 and a beta of -0.31. The firm's fifty day simple moving average is $30.97 and its two-hundred day simple moving average is $33.87.
A-Mark Precious Metals Announces Dividend
The business also recently declared a dividend, which was paid on Monday, September 26th. Stockholders of record on Monday, September 12th were issued a $1.00 dividend. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, September 9th.
Analysts Set New Price Targets
Separately, DA Davidson upped their price target on shares of A-Mark Precious Metals from $52.00 to $57.00 in a research note on Thursday, September 22nd.
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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