A-Mark Precious Metals (NASDAQ:AMRK) Trading Down 8.2% – Here’s Why

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) dropped 8.2% during mid-day trading on Friday . The stock traded as low as $26.11 and last traded at $26.07. 238,918 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 349,560 shares. The stock had previously closed at $28.41.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Northland Securities dropped their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, DA Davidson restated a “buy” rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Performance

The company has a market capitalization of $608.85 million, a P/E ratio of 12.90 and a beta of 0.07. The stock’s 50-day moving average price is $27.68 and its 200-day moving average price is $32.11. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, equities analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 3.02%. A-Mark Precious Metals’s payout ratio is presently 39.02%.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds have recently made changes to their positions in AMRK. FMR LLC raised its stake in shares of A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after acquiring an additional 1,143,125 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of A-Mark Precious Metals during the 4th quarter worth approximately $5,059,000. CWA Asset Management Group LLC lifted its holdings in A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after purchasing an additional 102,524 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of A-Mark Precious Metals by 47.2% in the 4th quarter. Invesco Ltd. now owns 237,830 shares of the company’s stock worth $6,517,000 after acquiring an additional 76,301 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in A-Mark Precious Metals by 92.6% in the 4th quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company’s stock valued at $4,303,000 after buying an additional 75,486 shares during the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.