A-Mark Precious Metals (NASDAQ:AMRK) Shares Gap Down to $40.34

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $40.34, but opened at $35.18. A-Mark Precious Metals shares last traded at $37.85, with a volume of 783,137 shares.

Analyst Ratings Changes

AMRK has been the subject of several analyst reports. B. Riley reduced their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. Northland Securities downgraded A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a research note on Wednesday. DA Davidson upped their target price on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Finally, StockNews.com lowered shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research report on Tuesday.

A-Mark Precious Metals Stock Performance

The firm's fifty day moving average price is $33.60 and its 200-day moving average price is $29.85. The company has a market cap of $871.92 million, a P/E ratio of 8.46 and a beta of -0.05. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. As a group, research analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals's dividend payout ratio is presently 17.74%.

Insider Buying and Selling

In other news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction on 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 filing with the SEC, which is available at this link. In other news, Director Jess M. Ravich purchased 20,000 shares of A-Mark Precious Metals stock in a transaction on Tuesday, February 27th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the company's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $713,510.60. The disclosure for this sale can be found here. Insiders sold a total of 53,637 shares of company stock valued at $1,396,360 over the last ninety days. 23.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in shares of A-Mark Precious Metals by 9.8% in the third quarter. American Century Companies Inc. now owns 1,684,735 shares of the company's stock valued at $49,413,000 after buying an additional 150,343 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of A-Mark Precious Metals by 48.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company's stock worth $11,286,000 after purchasing an additional 126,385 shares in the last quarter. LSV Asset Management increased its holdings in shares of A-Mark Precious Metals by 136.6% in the third quarter. LSV Asset Management now owns 192,105 shares of the company's stock valued at $5,634,000 after purchasing an additional 110,905 shares in the last quarter. Dimensional Fund Advisors LP raised its position in A-Mark Precious Metals by 10.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company's stock worth $34,178,000 after purchasing an additional 106,842 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in A-Mark Precious Metals by 1,515.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company's stock worth $2,881,000 after buying an additional 92,139 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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.