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 brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $46.67.

AMRK has been the topic of a number of research reports. Maxim Group initiated coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 target price on the stock. B. Riley downgraded shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Wednesday, May 15th. 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. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Friday. Finally, Northland Securities downgraded shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th.

A-Mark Precious Metals Stock Up 9.1 %

AMRK opened at $38.97 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $42.48. The firm’s fifty day moving average is $35.45 and its 200 day moving average is $34.23. The stock has a market cap of $890.66 million, a price-to-earnings ratio of 11.95 and a beta of -0.06.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were paid a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. A-Mark Precious Metals’s payout ratio is currently 24.54%.

Institutional Trading of A-Mark Precious Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. BNP Paribas Financial Markets lifted its holdings in A-Mark Precious Metals by 99.6% during the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock valued at $1,047,000 after purchasing an additional 17,023 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of A-Mark Precious Metals in the first quarter worth about $712,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $714,000. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $34,178,000 after buying an additional 106,842 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $184,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.