A-Mark Precious Metals (NASDAQ:AMRK) Stock Price Down 4.5%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report)'s share price was down 4.5% during mid-day trading on Monday . The stock traded as low as $38.30 and last traded at $38.64. Approximately 302,107 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 327,056 shares. The stock had previously closed at $40.47.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMRK. B. Riley dropped their price objective on 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. 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 research note on Wednesday, April 10th. Finally, StockNews.com cut shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th.

A-Mark Precious Metals Trading Down 4.4 %

The company has a market capitalization of $888.18 million, a P/E ratio of 8.62 and a beta of 0.02. The business has a 50 day moving average price of $28.87 and a 200 day moving average price of $28.61. 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 data on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.33). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. Analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.06%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals's payout ratio is presently 17.74%.

Insider Buying and Selling at A-Mark Precious Metals

In other 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 sale, the director now owns 408,225 shares of the company's stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Gregory N. Roberts sold 8,696 shares of the company's 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 directly owns 28,202 shares of the company's stock, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The stock was 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 disclosure for this sale can be found here. Over the last ninety days, 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 institutional investors and hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its stake 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 acquiring an additional 68,320 shares in the last quarter. Barclays PLC lifted its position in shares of A-Mark Precious Metals by 79.5% in the fourth quarter. Barclays PLC now owns 51,765 shares of the company's stock worth $1,565,000 after purchasing an additional 22,920 shares in the last quarter. Voya Investment Management LLC boosted its holdings in A-Mark Precious Metals by 8.9% during the fourth quarter. Voya Investment Management LLC now owns 12,613 shares of the company's stock worth $382,000 after purchasing an additional 1,028 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in A-Mark Precious Metals by 29.8% during the fourth quarter. Nuveen Asset Management LLC now owns 274,107 shares of the company's stock worth $8,292,000 after purchasing an additional 62,868 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in A-Mark Precious Metals by 27.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 325,832 shares of the company's stock valued at $9,856,000 after purchasing an additional 69,913 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.