Teacher Retirement System of Texas Decreases Stake in A-Mark Precious Metals, Inc. $AMRK

Teacher Retirement System of Texas decreased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 12.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 50,374 shares of the company’s stock after selling 6,970 shares during the quarter. Teacher Retirement System of Texas’ holdings in A-Mark Precious Metals were worth $1,117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new stake in A-Mark Precious Metals during the first quarter worth approximately $41,000. CWM LLC boosted its position in A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company’s stock worth $55,000 after purchasing an additional 2,015 shares during the period. Farther Finance Advisors LLC increased its holdings in A-Mark Precious Metals by 55.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,522 shares of the company’s stock valued at $78,000 after purchasing an additional 1,255 shares in the last quarter. AlphaQuest LLC raised its position in A-Mark Precious Metals by 556,900.0% in the first quarter. AlphaQuest LLC now owns 5,570 shares of the company’s stock valued at $141,000 after purchasing an additional 5,569 shares during the period. Finally, Monaco Asset Management SAM acquired a new position in shares of A-Mark Precious Metals during the first quarter worth about $200,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

AMRK stock opened at $24.99 on Friday. The stock’s 50 day moving average is $26.31 and its two-hundred day moving average is $23.65. A-Mark Precious Metals, Inc. has a 52-week low of $19.39 and a 52-week high of $35.99. The company has a market capitalization of $615.75 million, a PE ratio of 36.22 and a beta of 0.34. The company has a quick ratio of 0.42, a current ratio of 1.56 and a debt-to-equity ratio of 0.50.

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. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.91 billion. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.During the same period in the prior year, the business posted $0.76 EPS. Analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Wednesday, November 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. A-Mark Precious Metals’s payout ratio is presently 115.94%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Moorhead John sold 2,600 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $26.97, for a total transaction of $70,122.00. Following the transaction, the director owned 32,974 shares of the company’s stock, valued at approximately $889,308.78. This trade represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.10% of the company’s stock.

A-Mark Precious Metals 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.