Published on 20 Feb 2024 on Insider Monkey via Yahoo Finance
Should You Sell A-Mark Precious Metals (AMRK)?
Kingdom Capital Advisors, a private investment firm, released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy returned 5.35% (net of fees) in the fourth quarter compared to 14.03%, 11.69%, and 14.60% returns for the Russell 2000 TR, S&P 500 Index TR, and the NASDAQ 100 TR, respectively. In calendar year 2023, the composite returned 34.02% (net of fees) or 17.09% outperformance measured against the Russell 2000 TR. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Kingdom Capital Advisors featured stocks such as A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the fourth quarter 2023 investor letter. Headquartered in El Segundo, California, A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is a precious metals trading company. On February 16, 2024, A-Mark Precious Metals, Inc. (NASDAQ:AMRK) stock closed at $25.89 per share. One-month return of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was -6.94%, and its shares lost 20.12% of their value over the last 52 weeks. A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has a market capitalization of $591.703 million.
Kingdom Capital Advisors stated the following regarding A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in its fourth quarter 2023 investor letter: