A-Mark Precious Metals (NASDAQ:AMRK) Sets New 12-Month Low - Here's Why

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as $24.94 and last traded at $25.01, with a volume of 116801 shares changing hands. The stock had previously closed at $26.45.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. DA Davidson reissued a "buy" rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Northland Securities dropped their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $41.75.

A-Mark Precious Metals Stock Performance

The firm has a market cap of $512.86 million, a PE ratio of 10.87 and a beta of 0.07. The company has a 50 day simple moving average of $27.48 and a 200-day simple moving average of $31.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.55 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 anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 39.02%.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company's stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the period. Ameriprise Financial Inc. purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at $5,059,000. CWA Asset Management Group LLC grew its holdings in A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock worth $10,094,000 after acquiring an additional 102,524 shares during the last quarter. Invesco Ltd. increased its position in shares of A-Mark Precious Metals by 47.2% in the fourth quarter. Invesco Ltd. now owns 237,830 shares of the company's stock valued at $6,517,000 after acquiring an additional 76,301 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in shares of A-Mark Precious Metals by 92.6% during the fourth quarter. Evergreen Capital Management LLC now owns 157,033 shares of the company's stock valued at $4,303,000 after acquiring an additional 75,486 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.

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.