A-Mark Precious Metals (NASDAQ:AMRK) Stock Price Down 5.1% - Here's Why

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) traded down 5.1% during trading on Friday . The stock traded as low as $28.52 and last traded at $28.57. 285,039 shares traded hands during trading, a decline of 19% from the average session volume of 351,191 shares. The stock had previously closed at $30.11.

Analysts Set New Price Targets

Several equities analysts recently commented on AMRK shares. DA Davidson reduced their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. StockNews.com cut A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $46.33.

A-Mark Precious Metals Trading Down 4.5 %

The company has a market capitalization of $666.43 million, a PE ratio of 12.23 and a beta of -0.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The firm's 50 day moving average is $36.26 and its 200 day moving average is $36.91.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals's payout ratio is 34.04%.

Insider Buying and Selling

In related news, Director Jess M. Ravich sold 14,500 shares of the 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 completion of the sale, the director now directly owns 190,500 shares of the company's stock, valued at approximately $8,702,040. This represents a 7.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. The trade was a 3.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,316 shares of company stock valued at $4,911,036. 48.64% of the stock is owned by company insiders.

Institutional Trading of A-Mark Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its position 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 in the last quarter. Hobbs Group Advisors LLC purchased a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $26,000. Geode Capital Management LLC grew its holdings in A-Mark Precious Metals by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock valued at $19,072,000 after buying an additional 22,087 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $418,000. Finally, Epacria Capital Partners LLC lifted its holdings in shares of A-Mark Precious Metals by 31.3% in the third quarter. Epacria Capital Partners LLC now owns 16,600 shares of the company's stock worth $733,000 after buying an additional 3,955 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors.

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.