SummerHaven Investment Management LLC Boosts Stock Holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

SummerHaven Investment Management LLC boosted its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,958 shares of the company’s stock after buying an additional 391 shares during the quarter. SummerHaven Investment Management LLC owned approximately 0.08% of A-Mark Precious Metals worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in A-Mark Precious Metals during the fourth quarter valued at $184,000. Capstone Investment Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the fourth quarter worth about $220,000. Quantbot Technologies LP raised its stake in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after purchasing an additional 4,895 shares in the last quarter. Raymond James & Associates bought a new stake in A-Mark Precious Metals during the fourth quarter valued at approximately $236,000. Finally, Riverwater Partners LLC grew its stake in A-Mark Precious Metals by 10.6% in the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after buying an additional 881 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMRK shares. Northland Capmk cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley downgraded shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Wednesday, May 15th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Maxim Group assumed coverage on shares of A-Mark Precious Metals in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price objective on the stock. Finally, Northland Securities lowered shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.67.

A-Mark Precious Metals Trading Up 2.0 %

A-Mark Precious Metals stock traded up $0.73 during mid-day trading on Friday, reaching $36.94. 18,909 shares of the company traded hands, compared to its average volume of 357,117. The firm’s 50 day moving average price is $35.01 and its 200 day moving average price is $33.80. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The firm has a market capitalization of $844.26 million, a price-to-earnings ratio of 11.11 and a beta of -0.06.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 2.17%. A-Mark Precious Metals’s payout ratio is 24.54%.

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.