A-Mark Precious Metals (NASDAQ:AMRK) Sees Unusually-High Trading Volume - What's Next?

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) shares saw an uptick in trading volume on Friday . 237,729 shares changed hands during mid-day trading, an increase of 6% from the previous session's volume of 224,700 shares.The stock last traded at $27.75 and had previously closed at $28.30.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMRK shares. DA Davidson cut their price target on A-Mark Precious Metals from $43.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Finally, Northland Securities dropped their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of "Hold" and an average target price of $41.75.

A-Mark Precious Metals Price Performance

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 company has a market cap of $669.44 million, a P/E ratio of 14.06 and a beta of -0.02. The stock has a 50-day simple moving average of $27.66 and a 200 day simple moving average of $34.44.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.39%. On average, equities analysts expect that A-Mark Precious Metals, Inc. will post 3.54 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals's payout ratio is presently 39.02%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMRK. FMR LLC increased its position in A-Mark Precious Metals by 1,714.4% during 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. Geode Capital Management LLC raised its holdings 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. CWA Asset Management Group LLC raised 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 buying an additional 102,524 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in A-Mark Precious Metals by 43.6% during the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after buying an additional 65,014 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of A-Mark Precious Metals by 11.9% in the fourth quarter. Sei Investments Co. now owns 150,892 shares of the company's stock valued at $4,134,000 after purchasing an additional 15,988 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

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.