Brevan Howard Capital Management LP Makes New Investment in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Brevan Howard Capital Management LP purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,014 shares of the company’s stock, valued at approximately $329,000. Brevan Howard Capital Management LP owned approximately 0.05% of A-Mark Precious Metals at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMRK. Ameriprise Financial Inc. bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $5,059,000. Ancora Advisors LLC grew its stake in A-Mark Precious Metals by 2,013.1% during the fourth quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock worth $195,000 after buying an additional 6,784 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in A-Mark Precious Metals by 19.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,300 shares of the company’s stock valued at $227,000 after buying an additional 1,379 shares during the period. Northern Trust Corp raised its position in shares of A-Mark Precious Metals by 2.7% in the 4th quarter. Northern Trust Corp now owns 186,371 shares of the company’s stock valued at $5,107,000 after buying an additional 4,940 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $395,000. 75.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMRK has been the topic of a number of recent analyst reports. Northland Securities decreased their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. DA Davidson lowered their price target on A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating for the company in a report on Thursday. B. Riley dropped their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Finally, StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.50.

A-Mark Precious Metals Trading Up 4.2 %

Shares of AMRK stock opened at $21.59 on Friday. A-Mark Precious Metals, Inc. has a twelve month low of $19.76 and a twelve month high of $47.39. The stock’s fifty day simple moving average is $25.06 and its 200 day simple moving average is $27.81. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $496.98 million, a P/E ratio of 10.53 and a beta of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.54). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. As a group, sell-side analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 39.02%.

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.