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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 3,870,000 shares, a growth of 13.2% from the August 15th total of 3,420,000 shares. Based on an average daily trading volume, of 346,300 shares, the short-interest ratio is presently 11.2 days.

Institutional Trading of A-Mark Precious Metals

Large investors have recently bought and sold shares of the stock. Quarry LP increased its holdings in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the 2nd quarter worth approximately $45,000. Quest Partners LLC purchased a new position in A-Mark Precious Metals during the 4th quarter worth approximately $184,000. Capstone Investment Advisors LLC acquired a new stake in A-Mark Precious Metals during the 4th quarter valued at approximately $220,000. Finally, Quantbot Technologies LP boosted its holdings in shares of A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Trading Up 2.2 %

A-Mark Precious Metals stock opened at $46.92 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The stock has a market cap of $1.07 billion, a PE ratio of 14.39 and a beta of -0.05. The stock has a 50-day moving average of $37.47 and a two-hundred day moving average of $35.58. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $47.38.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s payout ratio is currently 24.54%.

Analyst Ratings Changes

AMRK has been the topic of a number of recent research reports. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. DA Davidson raised their price target on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Maxim Group began coverage on shares of A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average target price of $47.67.

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.