A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Consensus Rating of “Hold” by Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have received an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $46.33.

A number of brokerages have recently issued reports on AMRK. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson dropped their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 4,320 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,316 shares of company stock valued at $4,911,036. 48.64% of the stock is currently owned by company insiders.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of A-Mark Precious Metals in the 3rd quarter worth $11,741,000. Driehaus Capital Management LLC bought a new position in shares of A-Mark Precious Metals in the 2nd quarter worth $5,702,000. Evergreen Capital Management LLC lifted its holdings in shares of A-Mark Precious Metals by 359.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after purchasing an additional 64,221 shares in the last quarter. Finally, CMC Financial Group bought a new position in shares of A-Mark Precious Metals in the 2nd quarter worth $1,812,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $30.25 on Thursday. The company has a market cap of $701.20 million, a price-to-earnings ratio of 12.87 and a beta of -0.01. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The company’s fifty day simple moving average is $41.31 and its 200 day simple moving average is $38.10. The company has a current ratio of 1.66, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. On average, research analysts forecast that A-Mark Precious Metals will post 3.54 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

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.