EntryPoint Capital LLC Buys New Position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

EntryPoint Capital LLC purchased a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,311 shares of the company’s stock, valued at approximately $474,000. EntryPoint Capital LLC owned approximately 0.07% of A-Mark Precious Metals as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its position in A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after buying an additional 1,143,125 shares during the period. CWA Asset Management Group LLC boosted its holdings in A-Mark Precious Metals by 38.6% in the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after purchasing an additional 102,524 shares during the period. Bank of New York Mellon Corp grew its stake in A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company’s stock worth $5,871,000 after purchasing an additional 65,014 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in A-Mark Precious Metals during the 4th quarter worth about $1,473,000. Finally, Algert Global LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $2,029,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Northland Securities cut their target price 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. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $28.18 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. A-Mark Precious Metals, Inc. has a 1-year low of $25.01 and a 1-year high of $47.39. The stock has a market cap of $648.68 million, a PE ratio of 13.75 and a beta of 0.07. The firm has a fifty day moving average price of $27.69 and a 200 day moving average price of $32.38.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, sell-side analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were issued a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. A-Mark Precious Metals’s payout ratio is 39.02%.

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.