A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $21.28 and last traded at $22.62, with a volume of 541205 shares changing hands. The stock had previously closed at $23.21.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. DA Davidson reissued a "buy" rating and set a $35.00 price target on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Northland Securities decreased their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, StockNews.com raised A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $41.75.
View Our Latest Stock Report on A-Mark Precious Metals
A-Mark Precious Metals Stock Up 7.7 %
The firm has a market capitalization of $548.31 million, a P/E ratio of 11.62 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The firm's 50-day moving average is $26.61 and its 200 day moving average is $30.44.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, equities research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.36%. The ex-dividend date is Tuesday, April 15th. A-Mark Precious Metals's payout ratio is 39.02%.
Institutional Trading of A-Mark Precious Metals
A number of hedge funds and other institutional investors have recently made changes to their positions in AMRK. Geode Capital Management LLC grew its position in A-Mark Precious Metals by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 437,464 shares of the company's stock valued at $11,989,000 after purchasing an additional 5,672 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock worth $10,094,000 after buying an additional 102,524 shares during the last quarter. Jacobs Asset Management LLC grew its holdings in shares of A-Mark Precious Metals by 12.7% in the 4th quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company's stock valued at $8,494,000 after acquiring an additional 35,000 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of A-Mark Precious Metals by 3.8% in the fourth quarter. Wedbush Securities Inc. now owns 275,864 shares of the company's stock valued at $7,559,000 after acquiring an additional 10,121 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in A-Mark Precious Metals by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 250,997 shares of the company's stock worth $6,877,000 after acquiring an additional 3,178 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.
About A-Mark Precious Metals
(
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.
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