Allspring Global Investments Holdings LLC Boosts Stock Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Allspring Global Investments Holdings LLC increased its stake in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 52.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 149,577 shares of the company’s stock after buying an additional 51,358 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.64% of A-Mark Precious Metals worth $4,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of A-Mark Precious Metals by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 54,841 shares of the company’s stock valued at $4,242,000 after acquiring an additional 1,148 shares during the last quarter. Group One Trading L.P. acquired a new position in A-Mark Precious Metals in the 1st quarter valued at about $621,000. MetLife Investment Management LLC grew its stake in shares of A-Mark Precious Metals by 58.5% in the 1st quarter. MetLife Investment Management LLC now owns 5,273 shares of the company’s stock valued at $408,000 after buying an additional 1,946 shares during the period. Rhumbline Advisers increased its holdings in shares of A-Mark Precious Metals by 14.9% during the 1st quarter. Rhumbline Advisers now owns 11,591 shares of the company’s stock worth $896,000 after buying an additional 1,505 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of A-Mark Precious Metals by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 320,943 shares of the company’s stock valued at $24,824,000 after buying an additional 22,632 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $37.98 on Friday. 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 debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The company has a 50 day moving average price of $29.97 and a 200 day moving average price of $28.91. The stock has a market capitalization of $868.03 million, a P/E ratio of 8.42 and a beta of 0.02.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly 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). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. Equities research 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 announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 17.74%.

Insider Buying and Selling at A-Mark Precious Metals

In other news, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was 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 directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares in the company, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. Insiders sold a total of 53,637 shares of company stock valued at $1,396,360 in the last three months. 23.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMRK has been the subject of several recent analyst reports. B. Riley cut their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. DA Davidson raised their price objective on 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. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday.

About A-Mark Precious Metals

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.