A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Rating of “Hold” by Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $46.33.

A number of equities research analysts recently weighed in on the company. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. DA Davidson reduced their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th.

A-Mark Precious Metals Trading Down 4.5 %

Shares of NASDAQ:AMRK opened at $28.75 on Monday. The company has a 50-day simple moving average of $36.26 and a 200 day simple moving average of $36.89. The company has a market capitalization of $666.54 million, a P/E ratio of 12.23 and a beta of -0.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 4,320 shares of the company’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 13.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kathleen Taylor-Simpson sold 25,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $43.98, for a total transaction of $1,099,500.00. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock worth $4,911,036 in the last quarter. 48.64% of the stock is currently owned by corporate insiders.

Institutional Trading of A-Mark Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of the business. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals during the third quarter worth about $26,000. Quarry LP boosted its holdings in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the 2nd quarter worth about $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the third quarter valued at about $88,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the third quarter valued at about $226,000. 75.25% of the stock is currently owned by institutional investors.

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.