A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $46.33.

A number of analysts have recently commented on AMRK shares. DA Davidson cut their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday, December 9th.

A-Mark Precious Metals Trading Up 0.8 %

NASDAQ AMRK opened at $28.42 on Monday. The stock has a market capitalization of $658.78 million, a price-to-earnings ratio of 12.09 and a beta of -0.06. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39. The stock’s 50 day moving average price is $34.67 and its two-hundred day moving average price is $36.55. 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 Dividend Announcement

The company also recently announced 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 2.81%. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 7,680 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $44.03, for a total transaction of $338,150.40. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,241,734.06. The trade was a 21.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Wittmeyer sold 25,841 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the sale, the director now directly owns 292,535 shares of the company’s stock, valued at $12,973,927.25. This represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,816 shares of company stock valued at $3,248,996. 48.64% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Several large investors have recently modified their holdings of AMRK. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Quarry LP boosted its holdings in shares of 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 acquiring an additional 539 shares during the period. nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals in the third quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. acquired a new stake in A-Mark Precious Metals during the 3rd quarter worth approximately $226,000. 75.25% of the stock is 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.