Teacher Retirement System of Texas Cuts Stock Holdings in A-Mark Precious Metals, Inc. $AMRK

Teacher Retirement System of Texas lowered its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,374 shares of the company’s stock after selling 6,970 shares during the period. Teacher Retirement System of Texas owned about 0.20% of A-Mark Precious Metals worth $1,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new stake in shares of A-Mark Precious Metals during the 1st quarter worth $41,000. Raymond James Financial Inc. lifted its stake in shares of A-Mark Precious Metals by 2,692.0% in the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock valued at $6,119,000 after purchasing an additional 232,539 shares during the period. Nuveen LLC acquired a new stake in shares of A-Mark Precious Metals in the first quarter valued at about $6,350,000. Bridgeway Capital Management LLC boosted its holdings in A-Mark Precious Metals by 288.1% during the first quarter. Bridgeway Capital Management LLC now owns 107,264 shares of the company’s stock worth $2,721,000 after buying an additional 79,624 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in A-Mark Precious Metals during the first quarter worth about $1,524,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Moorhead John sold 2,600 shares of A-Mark Precious Metals stock in a transaction on Monday, September 15th. The shares were sold at an average price of $26.97, for a total value of $70,122.00. Following the transaction, the director owned 32,974 shares in the company, valued at $889,308.78. This trade represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMRK. DA Davidson restated a “buy” rating and issued a $29.00 price target on shares of A-Mark Precious Metals in a report on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of A-Mark Precious Metals in a report on Tuesday, October 14th. Roth Capital upgraded A-Mark Precious Metals to a “strong-buy” rating in a research report on Wednesday, September 10th. Finally, Zacks Research upgraded shares of A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, A-Mark Precious Metals has an average rating of “Moderate Buy” and a consensus target price of $33.00.

A-Mark Precious Metals Trading Up 0.6%

Shares of A-Mark Precious Metals stock opened at $24.99 on Friday. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $35.99. The business’s fifty day moving average is $26.31 and its two-hundred day moving average is $23.65. The company has a quick ratio of 0.42, a current ratio of 1.56 and a debt-to-equity ratio of 0.50. The firm has a market cap of $615.75 million, a PE ratio of 36.22 and a beta of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Tuesday, September 9th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.57 by $0.19. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. Analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 115.94%.

A-Mark Precious Metals Company 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.