A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) was down 4.9% on Monday . The company traded as low as $23.44 and last traded at $22.97. Approximately 24,719 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 294,528 shares. The stock had previously closed at $24.15.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on AMRK shares. B. Riley lowered their target price on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, DA Davidson decreased their price objective on shares of A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th.
Read Our Latest Analysis on A-Mark Precious Metals
A-Mark Precious Metals Price Performance
The company has a debt-to-equity ratio of 0.46, a current ratio of 1.56 and a quick ratio of 0.39. The stock has a market capitalization of $557.89 million, a P/E ratio of 15.31 and a beta of 0.22. The company's 50 day simple moving average is $21.53 and its two-hundred day simple moving average is $24.71.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.54). A-Mark Precious Metals had a return on equity of 8.04% and a net margin of 0.32%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. As a group, equities analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.53%. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 54.05%.
Insider Activity at A-Mark Precious Metals
In other news, CFO Kathleen Taylor-Simpson sold 5,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 48.64% of the stock is owned by company insiders.
Institutional Trading of A-Mark Precious Metals
Several hedge funds have recently modified their holdings of AMRK. New York State Teachers Retirement System acquired a new position in A-Mark Precious Metals in the first quarter valued at approximately $41,000. Coppell Advisory Solutions LLC lifted its holdings in A-Mark Precious Metals by 72.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock valued at $53,000 after buying an additional 806 shares during the period. CWM LLC lifted its holdings in A-Mark Precious Metals by 1,192.3% in the first quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after buying an additional 2,015 shares during the period. Farther Finance Advisors LLC lifted its holdings in A-Mark Precious Metals by 446.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after buying an additional 1,840 shares during the period. Finally, NBC Securities Inc. acquired a new position in A-Mark Precious Metals in the first quarter valued at approximately $70,000. 75.25% of the stock is owned by institutional investors.
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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