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February 22, 2025
PI Global Investments
Precious Metals

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



A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 3,850,000 shares, a decrease of 6.3% from the April 30th total of 4,110,000 shares. Based on an average daily volume of 463,900 shares, the short-interest ratio is currently 8.3 days.

Analyst Ratings Changes

A number of analysts recently weighed in on AMRK shares. B. Riley downgraded shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Wednesday, May 15th. Northland Securities cut shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Maxim Group initiated coverage on shares of A-Mark Precious Metals in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price objective for the company. Northland Capmk lowered A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, DA Davidson increased their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals presently has an average rating of “Hold” and an average price target of $46.67.

View Our Latest Research Report on AMRK

A-Mark Precious Metals Trading Down 0.2 %

Shares of NASDAQ:AMRK opened at $37.94 on Friday. The firm has a market cap of $867.12 million, a price-to-earnings ratio of 11.64 and a beta of -0.05. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $42.48. The company’s fifty day simple moving average is $37.20 and its 200 day simple moving average is $31.25. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.56). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.18 billion. A-Mark Precious Metals had a net margin of 0.77% and a return on equity of 20.24%. As a group, research analysts forecast that A-Mark Precious Metals will post 3.93 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Insider Transactions at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 18,448 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $37.63, for a total value of $694,198.24. Following the completion of the transaction, the director now owns 329,502 shares in the company, valued at approximately $12,399,160.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael R. Wittmeyer sold 18,448 shares of A-Mark Precious Metals stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $37.63, for a total value of $694,198.24. Following the completion of the sale, the director now directly owns 329,502 shares in the company, valued at $12,399,160.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Moorhead John sold 2,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.46, for a total transaction of $96,150.00. Following the transaction, the director now owns 28,768 shares in the company, valued at $1,106,417.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,948 shares of company stock worth $1,996,353. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC grew its position in A-Mark Precious Metals by 47.6% in the third quarter. Jump Financial LLC now owns 31,431 shares of the company’s stock valued at $922,000 after purchasing an additional 10,131 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $587,000. Keeley Teton Advisors LLC increased its position in shares of A-Mark Precious Metals by 43.7% in the third quarter. Keeley Teton Advisors LLC now owns 42,100 shares of the company’s stock valued at $1,235,000 after acquiring an additional 12,800 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of A-Mark Precious Metals by 48.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company’s stock valued at $11,286,000 after acquiring an additional 126,385 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in A-Mark Precious Metals by 4.3% during the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock worth $821,000 after acquiring an additional 1,165 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Company Profile

(Get Free Report)

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.

Further Reading



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