Short Interest in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Declines By 8.2%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,570,000 shares, a decline of 8.2% from the January 15th total of 1,710,000 shares. Based on an average daily trading volume, of 300,400 shares, the days-to-cover ratio is currently 5.2 days.

Analyst Upgrades and Downgrades

AMRK has been the topic of several analyst reports. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Northland Securities lowered their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Finally, DA Davidson lowered their price objective on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.75.

A-Mark Precious Metals Stock Up 0.4 %

A-Mark Precious Metals stock opened at $27.69 on Wednesday. The firm has a market capitalization of $641.85 million, a PE ratio of 13.51 and a beta of -0.02. The company’s 50-day moving average is $27.53 and its 200-day moving average is $34.05. A-Mark Precious Metals has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.39%. Sell-side analysts anticipate that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

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 paid a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 39.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $26,000. Coppell Advisory Solutions LLC grew its position in shares of A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after purchasing an additional 806 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after purchasing an additional 1,840 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $88,000. Finally, nVerses Capital LLC lifted its holdings in shares of A-Mark Precious Metals by 157.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $159,000 after acquiring an additional 2,200 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.