EntryPoint Capital LLC Invests $474,000 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) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 17,311 shares of the company’s stock, valued at approximately $474,000.

A number of other hedge funds have also recently added to or reduced their stakes in AMRK. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $26,000. Farther Finance Advisors LLC grew its holdings in A-Mark Precious Metals by 446.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after acquiring an additional 1,840 shares during the period. KLP Kapitalforvaltning AS purchased a new position in A-Mark Precious Metals in the fourth quarter worth $200,000. SG Americas Securities LLC lifted its holdings in A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after acquiring an additional 949 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth $226,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Down 0.5 %

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 price-to-earnings ratio of 13.75 and a beta of 0.07. The firm has a 50 day simple moving average of $27.69 and a 200-day simple moving average of $32.38.

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

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. A-Mark Precious Metals’s dividend payout ratio is currently 39.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMRK shares. Northland Securities cut their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. DA Davidson reiterated a “buy” rating and set a $35.00 price target on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Finally, StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals currently has an average rating of “Hold” and an average price target of $41.75.

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.