A-Mark Precious Metals (NASDAQ:AMRK) Shares Gap Up to $35.71

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $35.71, but opened at $37.55. A-Mark Precious Metals shares last traded at $36.74, with a volume of 122,688 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Northland Capmk downgraded shares of A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 8th. B. Riley cut A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a research report on Wednesday, May 15th. Maxim Group assumed coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a "buy" rating and a $63.00 price objective on the stock. StockNews.com lowered shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Tuesday, May 7th. Finally, Northland Securities downgraded shares of A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $46.67.

A-Mark Precious Metals Stock Up 9.1 %

The firm has a 50-day moving average price of $35.34 and a two-hundred day moving average price of $34.15. The company has a market capitalization of $890.66 million, a P/E ratio of 11.73 and a beta of -0.06. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 24.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMRK. BNP Paribas Financial Markets grew its position in A-Mark Precious Metals by 99.6% during the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock worth $1,047,000 after buying an additional 17,023 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of A-Mark Precious Metals during the 1st quarter worth approximately $712,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of A-Mark Precious Metals during the fourth quarter valued at approximately $714,000. Dimensional Fund Advisors LP raised its stake in shares of A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company's stock valued at $34,178,000 after purchasing an additional 106,842 shares in the last quarter. Finally, Quest Partners LLC bought a new position in A-Mark Precious Metals in the fourth quarter worth $184,000. Institutional investors own 75.25% of the company's stock.

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.