A-Mark Precious Metals (NASDAQ:AMRK) Shares Gap Down to $25.85

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Rating) gapped down before the market opened on Friday . The stock had previously closed at $25.85, but opened at $24.41. A-Mark Precious Metals shares last traded at $24.83, with a volume of 259 shares.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their target price on A-Mark Precious Metals from $52.00 to $57.00 in a report on Thursday.

A-Mark Precious Metals Stock Performance

The stock’s 50-day moving average price is $31.09 and its 200-day moving average price is $34.04. The company has a market capitalization of $597.83 million, a price-to-earnings ratio of 4.75 and a beta of -0.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.41.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, September 26th. Investors of record on Monday, September 12th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, September 9th. This represents a yield of 3.57%.

Hedge Funds Weigh In On A-Mark Precious Metals

Several hedge funds have recently added to or reduced their stakes in AMRK. Keeley Teton Advisors LLC lifted its holdings in shares of A-Mark Precious Metals by 3.4% in the first quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock valued at $464,000 after purchasing an additional 200 shares in the last quarter. EAM Investors LLC raised its position in shares of A-Mark Precious Metals by 0.7% during the 1st quarter. EAM Investors LLC now owns 34,681 shares of the company’s stock worth $2,682,000 after purchasing an additional 241 shares during the last quarter. Bailard Inc. lifted its stake in A-Mark Precious Metals by 9.2% in the 1st quarter. Bailard Inc. now owns 4,747 shares of the company’s stock valued at $367,000 after buying an additional 400 shares in the last quarter. Dorsey Wright & Associates grew its holdings in A-Mark Precious Metals by 88.7% during the 2nd quarter. Dorsey Wright & Associates now owns 1,200 shares of the company’s stock valued at $39,000 after buying an additional 564 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in A-Mark Precious Metals during the first quarter worth $61,000. 59.78% of the stock is currently owned by hedge funds and other institutional investors.

About A-Mark Precious Metals

(Get Rating)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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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