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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a decline of 8.2% from the January 15th total of 1,710,000 shares. Based on an average trading volume of 300,400 shares, the days-to-cover ratio is currently 5.2 days.

Analyst Ratings Changes

AMRK has been the topic of a number of analyst reports. DA Davidson lowered their target price on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. 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. Finally, Northland Securities reduced their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $41.75.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter worth approximately $26,000. Coppell Advisory Solutions LLC lifted its holdings in A-Mark Precious Metals by 72.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock valued at $53,000 after buying an additional 806 shares during the period. Farther Finance Advisors LLC lifted its holdings in A-Mark Precious Metals by 446.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after buying an additional 1,840 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in A-Mark Precious Metals in the third quarter valued at approximately $88,000. Finally, nVerses Capital LLC lifted its holdings in A-Mark Precious Metals by 157.1% in the third quarter. nVerses Capital LLC now owns 3,600 shares of the company's stock valued at $159,000 after buying an additional 2,200 shares during the period. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

Shares of AMRK stock traded up $0.25 during trading hours on Thursday, reaching $27.45. 351,616 shares of the company were exchanged, compared to its average volume of 259,940. A-Mark Precious Metals has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The stock's fifty day moving average is $27.49 and its two-hundred day moving average is $33.95. The company has a market cap of $631.90 million, a price-to-earnings ratio of 13.39 and a beta of -0.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its earnings results 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 return on equity of 9.29% and a net margin of 0.46%. Sell-side analysts forecast that A-Mark Precious Metals will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. A-Mark Precious Metals's payout ratio is 39.02%.

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.