A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Recommendation of “Hold” by Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $46.33.

AMRK has been the subject of a number of analyst reports. DA Davidson cut 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 report on Thursday, November 7th. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th.

A-Mark Precious Metals Stock Down 0.0 %

AMRK stock opened at $28.89 on Thursday. The company has a fifty day moving average price of $40.53 and a 200 day moving average price of $37.87. A-Mark Precious Metals has a 12 month low of $24.22 and a 12 month high of $47.39. The company has a market cap of $669.79 million, a price-to-earnings ratio of 12.30 and a beta of -0.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Sell-side analysts expect that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

Insider Activity

In other news, Director Michael R. Wittmeyer sold 25,841 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the transaction, the director now owns 292,535 shares in the company, valued at $12,973,927.25. This trade represents a 8.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. The trade was a 7.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock worth $4,911,036 in the last 90 days. 48.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of large investors have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Geode Capital Management LLC grew its stake in A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after acquiring an additional 22,087 shares during the last quarter. Barclays PLC grew its stake in A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after acquiring an additional 22,181 shares during the last quarter. XTX Topco Ltd acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $418,000. Finally, Epacria Capital Partners LLC grew its stake in A-Mark Precious Metals by 31.3% in the 3rd quarter. Epacria Capital Partners LLC now owns 16,600 shares of the company’s stock valued at $733,000 after acquiring an additional 3,955 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.