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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $47.67.

AMRK has been the subject of several analyst reports. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson lifted their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th.

Insider Buying and Selling at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at approximately $12,973,927.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction 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. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC raised its stake in shares of A-Mark Precious Metals by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock worth $614,000 after purchasing an additional 391 shares during the last quarter. Quarry LP raised its position 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 buying an additional 539 shares during the last quarter. Riverwater Partners LLC lifted its stake in A-Mark Precious Metals by 10.6% during the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after acquiring an additional 881 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in A-Mark Precious Metals by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock valued at $1,178,000 after acquiring an additional 1,222 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in A-Mark Precious Metals during the 2nd quarter worth $45,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Up 0.2 %

Shares of NASDAQ:AMRK opened at $42.95 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. A-Mark Precious Metals has a 52-week low of $23.14 and a 52-week high of $47.39. The company has a market capitalization of $981.62 million, a PE ratio of 13.17 and a beta of -0.05. The company has a fifty day moving average of $38.63 and a 200-day moving average of $36.37.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.72%. On average, equities analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.86%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

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.