A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,750,000 shares, a decline of 5.8% from the September 30th total of 2,920,000 shares. Based on an average daily trading volume, of 320,800 shares, the days-to-cover ratio is currently 8.6 days.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock traded down $0.30 during mid-day trading on Thursday, reaching $38.80. The stock had a trading volume of 135,928 shares, compared to its average volume of 350,632. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $47.39. The firm has a market cap of $886.77 million, a PE ratio of 11.93 and a beta of -0.04. The firm's 50 day simple moving average is $41.76 and its 200 day simple moving average is $38.29. The company has a quick ratio of 0.39, a current ratio of 1.63 and a debt-to-equity ratio of 0.38.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, analysts forecast that A-Mark Precious Metals will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals's payout ratio is 24.54%.

Insider Activity at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory N. Roberts sold 4,320 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company's stock, valued at $1,240,888. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock valued at $4,911,036 over the last three months. 23.20% of the stock is owned by insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

Several large investors have recently modified their holdings of AMRK. Driehaus Capital Management LLC bought a new position in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $5,702,000. Evergreen Capital Management LLC lifted its holdings in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company's stock valued at $2,657,000 after acquiring an additional 64,221 shares during the period. CMC Financial Group acquired a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at $1,812,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of A-Mark Precious Metals by 123.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company's stock worth $3,014,000 after purchasing an additional 51,460 shares during the last quarter. Finally, Empyrean Capital Partners LP bought a new position in shares of A-Mark Precious Metals in the second quarter valued at approximately $1,618,000. 75.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. DA Davidson increased their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. StockNews.com lowered A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $49.33.

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.