A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMRK. Hobbs Group Advisors LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Quarry LP raised its holdings in A-Mark Precious Metals by 94.1% in 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 during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $88,000. nVerses Capital LLC raised its holdings in A-Mark Precious Metals by 157.1% in the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after acquiring an additional 2,200 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after acquiring an additional 949 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Up 4.2 %

AMRK opened at $28.23 on Friday. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $27.95 and a 200 day moving average price of $34.89. The company has a market cap of $654.37 million, a PE ratio of 12.01 and a beta of -0.01.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Analyst Ratings Changes

AMRK has been the topic of several recent analyst reports. DA Davidson lowered their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.33.

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.