From MarketBeat:

Yacktman Asset Management LP has acquired 37,000 shares of A-Mark Precious Metals, Inc. worth $1,085,000, representing 0.16% of the company. Allspring Global Investments Holdings LLC, Bank of New York Mellon Corp, Secure Asset Management LLC, SG Americas Securities LLC, and FNY Investment Advisers LLC also invested in the company. Institutional investors own 54.84% of the company’s stock.

Shares of NASDAQ AMRK traded at $28.12 with 74,224 shares exchanged. The company has a market capitalization of $652.67 million, a price-to-earnings ratio of 5.40, and a beta of 0.04. A-Mark Precious Metals reported $1.09 earnings per share for the last quarter and had revenue of $2.48 billion.

A-Mark Precious Metals has announced a quarterly dividend of $0.20 per share. The ex-dividend date for this dividend is Friday, January 12th. This dividend represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The company’s payout ratio is 15.12%.

AMRK has been downgraded from a “hold” rating to a “sell” rating by StockNews.com. B. Riley has reduced the company’s price target from $54.00 to $45.00 and maintained a “buy” rating.

A-Mark Precious Metals, Inc. operates as a precious metals trading company and has three segments. This includes Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending.

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Read more: 37,000 Shares in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Purchased by Yacktman Asset Management LP