A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $46.33 Consensus Price Target from Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $46.33.

Several analysts have recently issued reports on AMRK shares. DA Davidson lowered their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Monday, December 9th.

A-Mark Precious Metals Price Performance

AMRK opened at $28.42 on Monday. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39. The company’s 50 day simple moving average is $34.98 and its 200 day simple moving average is $36.64. The stock has a market capitalization of $658.78 million, a PE ratio of 12.09 and a beta of -0.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 43.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 25,841 shares of A-Mark Precious Metals stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the sale, the director now owns 292,535 shares in the company, valued at $12,973,927.25. This represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,316 shares of company stock valued at $4,911,036. Company insiders own 48.64% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Large investors have recently modified their holdings of the business. SummerHaven Investment Management LLC boosted its holdings in A-Mark Precious Metals by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock valued at $614,000 after purchasing an additional 391 shares during the last quarter. Bard Associates Inc. raised its position in shares of A-Mark Precious Metals by 0.4% in the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after purchasing an additional 396 shares in the last quarter. Quarry LP boosted its stake in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the third quarter worth approximately $26,000. Finally, Empowered Funds LLC increased its stake in shares of A-Mark Precious Metals by 5.0% in the third quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock worth $744,000 after buying an additional 804 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

About A-Mark Precious Metals

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.