A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Sees Significant Decline in Short Interest

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,700,000 shares, a decline of 20.9% from the December 31st total of 2,150,000 shares. Based on an average daily trading volume, of 278,800 shares, the days-to-cover ratio is presently 6.1 days.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds have recently added to or reduced their stakes in AMRK. FMR LLC lifted its position in shares of A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company's stock valued at $53,425,000 after buying an additional 1,143,125 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 valued at $19,072,000 after purchasing an additional 22,087 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of A-Mark Precious Metals by 38.6% in 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 last quarter. Bard Associates Inc. raised its position in shares of A-Mark Precious Metals by 0.4% in the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company's stock valued at $4,125,000 after purchasing an additional 396 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position 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 valued at $3,014,000 after purchasing an additional 51,460 shares during the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Trading Down 0.9 %

Shares of AMRK traded down $0.25 during trading hours on Monday, reaching $27.92. 233,212 shares of the company traded hands, compared to its average volume of 191,087. The firm has a market cap of $647.14 million, a price-to-earnings ratio of 11.90 and a beta of -0.02. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock's fifty day moving average price is $27.88 and its 200 day moving average price is $34.76.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 34.04%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, A-Mark Precious Metals has an average rating of "Hold" and an average price target of $46.33.

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.