A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,700,000 shares, a drop of 20.9% from the December 15th total of 2,150,000 shares. Based on an average daily volume of 278,800 shares, the days-to-cover ratio is currently 6.1 days.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals in the third quarter valued at about $26,000. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in 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 last quarter. Strategic Investment Solutions Inc. IL bought a new stake in A-Mark Precious Metals during the third quarter worth $88,000. nVerses Capital LLC increased its stake in shares of A-Mark Precious Metals by 157.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth $226,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

NASDAQ:AMRK opened at $27.28 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $632.35 million, a price-to-earnings ratio of 11.61 and a beta of -0.01. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The stock’s 50 day moving average price is $28.40 and its two-hundred day moving average price is $35.26.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.93%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. DA Davidson reduced 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average price target of $46.33.

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.