A-Mark Precious Metals (NASDAQ:AMRK) Sees Large Volume Increase

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) saw an uptick in trading volume on Wednesday . 185,361 shares traded hands during mid-day trading, a decline of 45% from the previous session's volume of 336,809 shares.The stock last traded at $37.47 and had previously closed at $37.50.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. B. Riley dropped their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a "buy" rating for the company in a research 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 report on Thursday, April 4th.

A-Mark Precious Metals Price Performance

The stock has a market capitalization of $839.97 million, a P/E ratio of 8.15 and a beta of 0.02. 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 50-day moving average price of $29.32 and a 200 day moving average price of $28.73.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its 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). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.25 billion. On average, analysts expect that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals's dividend payout ratio is currently 17.74%.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the company's stock in a transaction dated 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 directly 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 link. In other news, Director Michael R. Wittmeyer sold 22,558 shares of the firm's 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 in the company, valued at $10,732,235.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $220,008.80. Following the sale, 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 a total of 53,637 shares of company stock worth $1,396,360 in the last 90 days. 23.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of A-Mark Precious Metals by 164.1% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company's stock worth $3,326,000 after purchasing an additional 68,320 shares during the period. Barclays PLC lifted its holdings in A-Mark Precious Metals by 79.5% in the 4th quarter. Barclays PLC now owns 51,765 shares of the company's stock worth $1,565,000 after buying an additional 22,920 shares during the period. Voya Investment Management LLC lifted its holdings in A-Mark Precious Metals by 8.9% in the 4th quarter. Voya Investment Management LLC now owns 12,613 shares of the company's stock worth $382,000 after buying an additional 1,028 shares during the period. Nuveen Asset Management LLC increased its stake in shares of 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 valued at $8,292,000 after buying an additional 62,868 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 27.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 325,832 shares of the company's stock valued at $9,856,000 after buying an additional 69,913 shares during the period. Hedge funds and other institutional investors own 75.25% of the company's stock.

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.