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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 3,580,000 shares, a decline of 8.7% from the May 31st total of 3,920,000 shares. Based on an average trading volume of 494,200 shares, the short-interest ratio is presently 7.2 days.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,105,800.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Gregory N. Roberts sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,105,800.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Wittmeyer sold 18,448 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $37.63, for a total value of $694,198.24. Following the transaction, the director now owns 329,502 shares in the company, valued at approximately $12,399,160.26. The disclosure for this sale can be found here. Insiders sold 51,948 shares of company stock valued at $1,996,353 over the last ninety days. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Several institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in shares of A-Mark Precious Metals by 9.8% during the third quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after acquiring an additional 150,343 shares during the period. Dimensional Fund Advisors LP boosted its position in A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after buying an additional 106,842 shares in the last quarter. Invesco Ltd. grew its stake in A-Mark Precious Metals by 80.3% during the third quarter. Invesco Ltd. now owns 206,464 shares of the company’s stock worth $6,056,000 after buying an additional 91,961 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of A-Mark Precious Metals by 164.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock worth $3,326,000 after buying an additional 68,320 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of A-Mark Precious Metals by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after acquiring an additional 67,452 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Up 0.0 %

Shares of AMRK stock opened at $32.37 on Monday. The stock has a market cap of $739.65 million, a P/E ratio of 9.93 and a beta of -0.04. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The stock has a fifty day moving average price of $37.01 and a 200 day moving average price of $32.07. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.56). A-Mark Precious Metals had a net margin of 0.77% and a return on equity of 20.24%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.18 billion. Analysts predict that A-Mark Precious Metals will post 3.93 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given 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 dividend yield of 2.47%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Analyst Upgrades and Downgrades

AMRK has been the topic of a number of recent analyst reports. Northland Securities lowered A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. DA Davidson increased their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Maxim Group started coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price target for the company. Finally, Northland Capmk downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.67.

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.