Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) have earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.67.
Several research analysts recently commented on the company. StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. B. Riley lowered A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Wednesday, May 15th. DA Davidson boosted their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Maxim Group assumed coverage on A-Mark Precious Metals in a report on Wednesday. They issued a “buy” rating and a $63.00 price objective for the company. Finally, Northland Securities lowered A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th.
Read Our Latest Stock Analysis on AMRK
Insider Activity
In related news, CEO Gregory N. Roberts sold 5,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $39.21, for a total transaction of $196,050.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,105,800.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other A-Mark Precious Metals news, Director Moorhead John sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.46, for a total transaction of $96,150.00. Following the transaction, the director now directly owns 28,768 shares in the company, valued at $1,106,417.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $39.21, for a total value of $196,050.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,105,800.42. The disclosure for this sale can be found here. Insiders sold 60,144 shares of company stock worth $2,196,737 over the last quarter. Corporate insiders own 23.20% of the company’s stock.
Institutional Investors Weigh In On A-Mark Precious Metals
Several hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $67,000. Quest Partners LLC acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $184,000. Capstone Investment Advisors LLC acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $220,000. Quantbot Technologies LP grew its position in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $236,000. 75.25% of the stock is owned by institutional investors and hedge funds.
A-Mark Precious Metals Trading Down 1.0 %
NASDAQ:AMRK opened at $38.00 on Wednesday. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The stock has a market cap of $868.30 million, a P/E ratio of 11.66 and a beta of -0.05. The stock has a 50-day simple moving average of $35.97 and a 200-day simple moving average of $30.67.
A-Mark Precious Metals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.11%. A-Mark Precious Metals’s payout ratio is currently 24.54%.
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.
Further Reading
Receive News & Ratings for A-Mark Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for A-Mark Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.