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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has earned a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $46.33.

A number of equities analysts have recently issued reports on the stock. DA Davidson reduced 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 report on Thursday, November 7th. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

Insider Activity at A-Mark Precious Metals

In other news, CFO Kathleen Taylor-Simpson sold 25,000 shares of A-Mark Precious Metals stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total transaction of $1,099,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The trade was a 43.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock worth $4,911,036 over the last ninety days. Company insiders own 48.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at approximately $26,000. Quarry LP lifted its position in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals during the second quarter worth $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the third quarter valued at $88,000. Finally, Victory Capital Management Inc. bought a new stake in A-Mark Precious Metals during the 3rd quarter worth about $226,000. Institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

Shares of AMRK stock opened at $28.75 on Monday. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39. The stock has a market capitalization of $666.54 million, a PE 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. The stock’s fifty day moving average is $36.26 and its 200-day moving average is $36.89.

A-Mark Precious Metals Dividend Announcement

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

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.