A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) fell 8.2% during trading on Friday . The stock traded as low as $26.11 and last traded at $26.07. 238,918 shares were traded during trading, a decline of 32% from the average session volume of 349,560 shares. The stock had previously closed at $28.41.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. DA Davidson reaffirmed a "buy" rating and issued a $35.00 target price on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities dropped their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, A-Mark Precious Metals has an average rating of "Hold" and a consensus price target of $41.75.
Check Out Our Latest Report on AMRK
A-Mark Precious Metals Stock Performance
The company has a market cap of $583.99 million, a P/E ratio of 12.38 and a beta of 0.07. The company's fifty day moving average is $27.64 and its 200 day moving average is $31.89. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 39.02%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock worth $19,072,000 after acquiring an additional 22,087 shares during the last quarter. Barclays PLC boosted its holdings in shares of A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company's stock worth $1,259,000 after purchasing an additional 22,181 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of A-Mark Precious Metals in the fourth quarter worth about $338,000. CWA Asset Management Group LLC increased its holdings in A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock valued at $10,094,000 after purchasing an additional 102,524 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in A-Mark Precious Metals by 43.6% during the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock valued at $5,871,000 after purchasing an additional 65,014 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.
About A-Mark Precious Metals
(
Get Free Report)
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.
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