A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Rating of "Hold" from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) have received a consensus recommendation of "Hold" from the five brokerages that are presently 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $46.33.

AMRK has been the topic of a number of recent research reports. StockNews.com cut A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Wednesday. DA Davidson dropped their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th.

Insider Buying and Selling at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 22,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 43.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the transaction, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. This trade represents a 3.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 48.64% of the company's stock.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its position in A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after acquiring an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter valued at $45,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals in the third quarter valued at $88,000. Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $226,000. Finally, Quantbot Technologies LP grew its stake in 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 buying an additional 4,895 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

A-Mark Precious Metals stock traded down $0.70 during mid-day trading on Thursday, reaching $29.55. The company's stock had a trading volume of 339,540 shares, compared to its average volume of 358,629. The firm has a market cap of $684.97 million, a price-to-earnings ratio of 12.81 and a beta of -0.01. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The business has a 50 day moving average price of $41.11 and a 200-day moving average price of $38.04. 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 - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. Sell-side analysts predict that A-Mark Precious Metals will post 3.54 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals's payout ratio is 34.04%.

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.