Brokerages Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) PT at $49.33

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have received a consensus rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $49.33.

Several research firms recently commented on AMRK. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. DA Davidson raised their target price on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 30th.

A-Mark Precious Metals Stock Down 1.4 %

A-Mark Precious Metals stock opened at $41.13 on Friday. The business’s 50-day moving average price is $41.31 and its 200 day moving average price 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. The firm has a market cap of $940.03 million, a price-to-earnings ratio of 12.62 and a beta of -0.04. A-Mark Precious Metals has a 52 week low of $23.14 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. As a group, sell-side analysts anticipate that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given 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 1.95%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 4,320 shares of the firm’s 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 transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Gregory N. Roberts sold 4,320 shares of the company’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares in the company, valued at approximately $12,666,765.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock valued at $4,911,036 over the last 90 days. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP increased its position in A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $45,000. Fermata Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $232,000. Private Advisor Group LLC purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at approximately $234,000. Finally, SG Americas Securities LLC lifted its holdings in A-Mark Precious Metals by 54.1% in the third quarter. SG Americas Securities LLC now owns 6,562 shares of the company’s stock valued at $290,000 after acquiring an additional 2,305 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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.