A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Sees Significant Decrease in Short Interest

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,700,000 shares, a decline of 20.9% from the December 15th total of 2,150,000 shares. Based on an average daily volume of 278,800 shares, the days-to-cover ratio is currently 6.1 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson lowered their price objective 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. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.33.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock worth $19,072,000 after buying an additional 22,087 shares during the last quarter. Barclays PLC increased its stake in A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company's stock valued at $1,259,000 after buying an additional 22,181 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in A-Mark Precious Metals by 38.6% during the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock worth $10,094,000 after acquiring an additional 102,524 shares during the period. Riverwater Partners LLC raised its position in A-Mark Precious Metals by 385.1% in the third quarter. Riverwater Partners LLC now owns 44,774 shares of the company's stock worth $2,001,000 after acquiring an additional 35,545 shares during the period. Finally, FMR LLC grew its holdings in A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company's stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the period. 75.25% of the stock is currently owned by institutional investors.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock traded down $0.29 on Thursday, reaching $27.63. 77,069 shares of the stock were exchanged, compared to its average volume of 188,964. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The firm has a market cap of $640.46 million, a PE ratio of 11.76 and a beta of -0.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The firm's 50 day moving average is $28.56 and its 200-day moving average is $35.35.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.90%. A-Mark Precious Metals's dividend payout ratio (DPR) 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.