A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) has earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $49.33.
AMRK has been the subject of a number of recent analyst reports. DA Davidson raised their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday.
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A-Mark Precious Metals Price Performance
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. On average, equities research analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current year.
A-Mark Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.
Insider Activity
In other news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock valued at $4,911,036 in the last three months. Corporate insiders own 23.20% of the company’s stock.
Institutional Investors Weigh In On A-Mark Precious Metals
Several hedge funds and other institutional investors have recently made changes to their positions in AMRK. Quarry LP lifted its holdings in shares of A-Mark Precious Metals by 94.1% during 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 period. nVerses Capital LLC acquired a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth about $45,000. Quest Partners LLC bought a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at about $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $220,000. Finally, Quantbot Technologies LP grew its stake in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 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.
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