NASDAQ:AMRK - Get Free Report ) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 4,140,000 shares, an increase of 37.1% from the March 31st total of 3,020,000 shares. Based on an average daily trading volume, of 369,200 shares, the short-interest ratio is currently 11.2 days.
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Insider Buying and Selling at A-Mark Precious Metals In other news, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, the director now owns 408,225 shares of the company's stock, valued at approximately $10,732,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 28,202 shares of the company's stock, valued at $713,510.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the transaction, the director now directly owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 53,637 shares of company stock valued at $1,396,360. Company insiders own 23.20% of the company's stock.
Hedge Funds Weigh In On A-Mark Precious Metals A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its holdings in A-Mark Precious Metals by 34.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company's stock valued at $6,172,000 after buying an additional 51,531 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in A-Mark Precious Metals by 164.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company's stock valued at $3,326,000 after buying an additional 68,320 shares during the period. CWA Asset Management Group LLC increased its holdings in A-Mark Precious Metals by 1.3% in the 4th quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company's stock valued at $12,828,000 after buying an additional 5,437 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in A-Mark Precious Metals in the 4th quarter valued at $714,000. Finally, Capstone Investment Advisors LLC bought a new stake in A-Mark Precious Metals in the 4th quarter valued at $220,000. Institutional investors own 75.25% of the company's stock.
A-Mark Precious Metals Stock Performance Shares of NASDAQ:AMRK traded up $1.58 during trading on Friday, reaching $40.12. The stock had a trading volume of 547,595 shares, compared to its average volume of 634,149. A-Mark Precious Metals has a 52 week low of $23.14 and a 52 week high of $42.48. The firm has a market capitalization of $916.74 million, a price-to-earnings ratio of 8.90 and a beta of 0.02. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $31.17 and a two-hundred day simple moving average of $29.25.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report ) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $2.25 billion. As a group, analysts anticipate that A-Mark Precious Metals will post 4.33 earnings per share for the current fiscal year.
A-Mark Precious Metals Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 17.74%.
Wall Street Analysts Forecast Growth AMRK has been the subject of several research reports. StockNews.com cut shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Friday. DA Davidson lifted their target price on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Finally, B. Riley reduced their target price 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.
Check Out Our Latest Stock Report on AMRK
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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