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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,920,000 shares, a decline of 18.0% from the September 15th total of 3,560,000 shares. Based on an average daily volume of 345,600 shares, the days-to-cover ratio is presently 8.4 days.

Insider Activity

In other news, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory N. Roberts sold 4,320 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,240,888. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,316 shares of company stock valued at $4,911,036. 23.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of A-Mark Precious Metals by 164.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after buying an additional 68,320 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in A-Mark Precious Metals by 34.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock worth $6,172,000 after acquiring an additional 51,531 shares during the period. BNP Paribas Financial Markets grew its stake in shares of A-Mark Precious Metals by 99.6% in the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after purchasing an additional 17,023 shares in the last quarter. Pullen Investment Management LLC acquired a new position in shares of A-Mark Precious Metals during the first quarter valued at $694,000. Finally, GSA Capital Partners LLP acquired a new stake in A-Mark Precious Metals in the first quarter worth about $712,000. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Down 0.0 %

Shares of NASDAQ:AMRK opened at $41.91 on Tuesday. 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 $957.85 million, a price-to-earnings ratio of 12.86 and a beta of -0.04. The stock’s 50-day moving average price is $40.39 and its two-hundred day moving average price is $37.83. 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 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations 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 announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMRK shares. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. DA Davidson increased their price objective on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.33.

About A-Mark Precious Metals

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.