A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Recommendation of “Hold” by Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $47.67.

A number of research firms recently issued reports on AMRK. DA Davidson raised their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Tuesday.

A-Mark Precious Metals Price Performance

Shares of NASDAQ AMRK opened at $42.95 on Wednesday. The company has a market capitalization of $981.62 million, a PE ratio of 13.17 and a beta of -0.05. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $38.63 and its 200-day moving average price is $36.37. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.72% and a net margin of 0.68%. On average, equities analysts anticipate that A-Mark Precious Metals will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction 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 completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,240,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock worth $4,911,036 in the last three months. 23.20% of the stock is currently owned by corporate insiders.

Institutional Trading of A-Mark Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of A-Mark Precious Metals in the second quarter worth about $308,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of A-Mark Precious Metals by 123.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock valued at $3,014,000 after purchasing an additional 51,460 shares during the period. Quarry LP grew 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 worth $36,000 after purchasing an additional 539 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of A-Mark Precious Metals in the second quarter worth $5,702,000. Finally, Dark Forest Capital Management LP bought a new stake in A-Mark Precious Metals during the 2nd quarter valued at $414,000. Hedge funds and other institutional investors 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.