A-Mark Precious Metals (NASDAQ:AMRK) Stock Price Up 3.3%

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) rose 3.3% during mid-day trading on Friday . The stock traded as high as $41.49 and last traded at $41.37. Approximately 142,233 shares changed hands during trading, a decline of 54% from the average daily volume of 312,331 shares. The stock had previously closed at $40.05.

Wall Street Analyst Weigh In

AMRK has been the subject of several recent research reports. B. Riley lowered 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 report on Wednesday, February 21st. StockNews.com lowered shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. Finally, DA Davidson boosted their price objective 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.

A-Mark Precious Metals Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The firm has a market cap of $929.31 million, a P/E ratio of 8.96 and a beta of 0.02. The business's 50-day simple moving average is $28.60 and its 200 day simple moving average is $28.55.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last posted its 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 return on equity of 26.90% and a net margin of 1.10%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 17.74%.

Insiders Place Their Bets

In other news, CEO Gregory N. Roberts sold 8,696 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company's stock, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Gregory N. Roberts sold 8,696 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company's stock, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now directly owns 408,225 shares of the company's stock, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,637 shares of company stock valued at $1,396,360. Company insiders own 23.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMRK. American Century Companies Inc. lifted its stake in A-Mark Precious Metals by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company's stock worth $49,413,000 after purchasing an additional 150,343 shares in the last quarter. BlackRock Inc. raised its position in A-Mark Precious Metals by 2.3% in the 2nd quarter. BlackRock Inc. now owns 1,383,817 shares of the company's stock worth $51,803,000 after purchasing an additional 30,514 shares during the period. 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 period. Vanguard Group Inc. raised its position in A-Mark Precious Metals by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company's stock worth $30,296,000 after purchasing an additional 6,184 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in A-Mark Precious Metals by 41.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company's stock worth $20,275,000 after purchasing an additional 157,750 shares during the period. Institutional investors own 75.25% of the company's stock.

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.