A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) was up 4.1% during trading on Friday . The company traded as high as $22.09 and last traded at $22.14. Approximately 137,182 shares changed hands during trading, a decline of 54% from the average daily volume of 300,301 shares. The stock had previously closed at $21.26.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on AMRK shares. DA Davidson decreased their price target on A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Finally, B. Riley decreased their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th.
Get Our Latest Stock Analysis on A-Mark Precious Metals
A-Mark Precious Metals Price Performance
The stock has a market capitalization of $531.41 million, a P/E ratio of 10.53 and a beta of 0.20. 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 stock has a 50-day simple moving average of $22.23 and a 200 day simple moving average of $25.58.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.54). The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.66 billion. A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. On average, equities analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 54.05%.
Insider Activity
In other news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $20.68, for a total value of $103,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 48.64% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in AMRK. New York State Teachers Retirement System bought a new position in A-Mark Precious Metals during the first quarter worth about $41,000. Coppell Advisory Solutions LLC lifted its holdings in A-Mark Precious Metals by 72.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock worth $53,000 after acquiring an additional 806 shares in the last quarter. CWM LLC lifted its holdings in A-Mark Precious Metals by 1,192.3% during the first quarter. CWM LLC now owns 2,184 shares of the company's stock worth $55,000 after acquiring an additional 2,015 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in A-Mark Precious Metals by 446.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock worth $62,000 after acquiring an additional 1,840 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in A-Mark Precious Metals during the first quarter worth about $70,000. Institutional investors and hedge funds own 75.25% of the company's stock.
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.
Further Reading
Before you consider A-Mark Precious Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and A-Mark Precious Metals wasn't on the list.
While A-Mark Precious Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
