A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Down 8.0% in September

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 3,560,000 shares, a decline of 8.0% from the August 31st total of 3,870,000 shares. Based on an average daily trading volume, of 360,800 shares, the days-to-cover ratio is currently 9.9 days.

A-Mark Precious Metals Stock Up 0.6 %

Shares of NASDAQ:AMRK opened at $44.99 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 13.80 and a beta of -0.05. The stock’s 50-day moving average price is $39.10 and its two-hundred day moving average price is $36.60. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released 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). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. On average, research analysts forecast 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. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Wall Street Analysts Forecast Growth

AMRK has been the topic of several analyst reports. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. DA Davidson raised their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.67.

Insider Transactions at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,240,888. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock valued at $4,911,036 in the last 90 days. 23.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Driehaus Capital Management LLC purchased a new stake in A-Mark Precious Metals during the second quarter valued at about $5,702,000. Dimensional Fund Advisors LP increased its position in A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after purchasing an additional 106,842 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in A-Mark Precious Metals by 164.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock worth $3,326,000 after purchasing an additional 68,320 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in A-Mark Precious Metals by 359.3% in the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after buying an additional 64,221 shares during the period. Finally, CMC Financial Group acquired a new position in A-Mark Precious Metals during the second quarter valued at approximately $1,812,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.