A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Rating of “Hold” by Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has received a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned 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 $46.33.

Several brokerages have recently commented on AMRK. 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 note on Thursday, November 7th. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $27.16 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The business’s fifty day moving average price is $28.12 and its two-hundred day moving average price is $35.07. A-Mark Precious Metals has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The stock has a market capitalization of $629.57 million, a price-to-earnings ratio of 11.56 and a beta of -0.01.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 2.95%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 34.04%.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of institutional investors have recently modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter valued at $26,000. Quarry LP raised its holdings in A-Mark Precious Metals by 94.1% during the 2nd 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. Strategic Investment Solutions Inc. IL bought a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $88,000. nVerses Capital LLC boosted its stake in shares of 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 purchasing an additional 2,200 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $226,000. 75.25% of the stock is owned by institutional investors.

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.