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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average rating of “Hold” from the four ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $38.50.

Several equities research analysts have weighed in on the company. B. Riley lowered A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Wednesday, May 15th. Northland Securities lowered A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. DA Davidson raised their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Northland Capmk lowered A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory N. Roberts sold 15,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $38.93, for a total value of $583,950.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,097,903.86. The disclosure for this sale can be found here. Insiders sold 60,144 shares of company stock valued at $2,196,737 over the last 90 days. 23.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of AMRK. DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals during the 4th quarter worth about $67,000. Quest Partners LLC acquired a new stake in A-Mark Precious Metals during the 4th quarter worth about $184,000. Capstone Investment Advisors LLC acquired a new stake in A-Mark Precious Metals during the 4th quarter worth about $220,000. Quantbot Technologies LP boosted its position in A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after acquiring an additional 4,895 shares during the period. Finally, Raymond James & Associates acquired a new stake in A-Mark Precious Metals during the 4th quarter worth about $236,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Performance

AMRK stock opened at $38.66 on Wednesday. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $42.48. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $35.33 and its 200 day simple moving average is $30.48. The firm has a market cap of $883.38 million, a P/E ratio of 11.86 and a beta of -0.05.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 annualized dividend and a yield of 2.07%. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

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.