A-Mark Precious Metals (NASDAQ:AMRK) Trading Up 5%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report)'s stock price shot up 5% on Friday . The stock traded as high as $38.96 and last traded at $38.93. Approximately 164,803 shares changed hands during trading, a decline of 57% from the average session volume of 386,577 shares. The stock had previously closed at $37.09.

Wall Street Analysts Forecast Growth

AMRK has been the topic of a number of research reports. Northland Securities lowered A-Mark Precious Metals from an "outperform" rating to a "market perform" rating in a report on Wednesday, May 8th. Northland Capmk downgraded shares of A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 8th. DA Davidson lifted 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 research note on Wednesday, April 10th. StockNews.com downgraded shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Tuesday, May 7th. Finally, B. Riley downgraded shares of A-Mark Precious Metals from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.50.

A-Mark Precious Metals Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The firm has a market cap of $885.89 million, a P/E ratio of 11.89 and a beta of -0.05. The company's 50-day moving average is $34.91 and its two-hundred day moving average is $30.26.

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. A-Mark Precious Metals's dividend payout ratio is 24.54%.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Gregory N. Roberts sold 15,000 shares of the business's stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $38.93, for a total transaction of $583,950.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,097,903.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company's stock, valued at $713,510.60. The disclosure for this sale can be found here. Insiders have sold 44,644 shares of company stock valued at $1,594,307 over the last three months. 23.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company's stock worth $49,413,000 after acquiring an additional 150,343 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in A-Mark Precious Metals by 48.9% during the 3rd 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 during the last quarter. LSV Asset Management lifted its holdings in A-Mark Precious Metals by 136.6% during the 3rd quarter. LSV Asset Management now owns 192,105 shares of the company's stock worth $5,634,000 after buying an additional 110,905 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $34,178,000 after buying an additional 106,842 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of A-Mark Precious Metals by 1,515.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company's stock valued at $2,881,000 after buying an additional 92,139 shares during the period. Institutional investors and hedge funds 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.