A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Recommendation of “Hold” from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $49.33.

AMRK has been the subject of a number of recent analyst reports. DA Davidson raised their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $44.43 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39. The firm has a market capitalization of $1.02 billion, a PE ratio of 13.63 and a beta of -0.05. The company’s fifty day moving average price is $39.24 and its 200-day moving average price is $36.83.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. On average, equities research analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Insider Activity

In other news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock valued at $4,911,036 in the last three months. Corporate insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in AMRK. Quarry LP lifted its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. nVerses Capital LLC acquired a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth about $45,000. Quest Partners LLC bought a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at about $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $220,000. Finally, Quantbot Technologies LP grew its stake in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Company 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.