Northland Capmk Weighs in on A-Mark Precious Metals, Inc.'s FY2024 Earnings (NASDAQ:AMRK)

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) - Research analysts at Northland Capmk reduced their FY2024 earnings per share estimates for A-Mark Precious Metals in a report released on Wednesday, May 8th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings of $3.93 per share for the year, down from their prior forecast of $4.33. The consensus estimate for A-Mark Precious Metals' current full-year earnings is $4.33 per share.

Several other equities research analysts also recently weighed in on AMRK. Northland Securities downgraded A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday. DA Davidson boosted their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. B. Riley reduced their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, February 21st. Finally, StockNews.com downgraded shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Tuesday.

A-Mark Precious Metals Trading Up 7.1 %

A-Mark Precious Metals stock traded up $2.71 during midday trading on Thursday, reaching $40.86. 669,130 shares of the stock traded hands, compared to its average volume of 378,051. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The firm has a market cap of $933.86 million, a PE ratio of 9.06 and a beta of -0.05. The company has a 50-day simple moving average of $33.91 and a two-hundred day simple moving average of $29.93. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.25 billion.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of AMRK. Significant Wealth Partners LLC purchased a new stake in A-Mark Precious Metals in the first quarter valued at approximately $1,194,000. Quantbot Technologies LP boosted its holdings in A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company's stock worth $228,000 after acquiring an additional 4,895 shares during the period. GSA Capital Partners LLP acquired a new stake in A-Mark Precious Metals in the first quarter valued at approximately $712,000. Pullen Investment Management LLC purchased a new stake in shares of A-Mark Precious Metals during the first quarter valued at approximately $694,000. Finally, BNP Paribas Financial Markets raised its stake in shares of A-Mark Precious Metals by 99.6% during the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company's stock valued at $1,047,000 after purchasing an additional 17,023 shares during the period. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 22,558 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now owns 408,225 shares of the company's stock, valued at $10,732,235.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the sale, the director now owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here. Insiders sold a total of 53,637 shares of company stock worth $1,396,360 in the last 90 days. 23.20% of the stock is owned by insiders.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is 17.74%.

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.