Maxim Group Begins Coverage on A-Mark Precious Metals (NASDAQ:AMRK)

Maxim Group began coverage on shares of A-Mark Precious Metals (NASDAQ:AMRK) in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $63.00 target price on the stock.

Several other equities analysts have also issued reports on AMRK. Northland Securities lowered A-Mark Precious Metals from an outperform rating to a market perform rating in a research note on Wednesday, May 8th. Northland Capmk lowered A-Mark Precious Metals from a strong-buy rating to a hold rating in a research report on Wednesday, May 8th. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, April 10th. StockNews.com cut shares of A-Mark Precious Metals from a hold rating to a sell rating in a report on Tuesday, May 7th. Finally, B. Riley lowered A-Mark Precious Metals from a buy rating to a neutral rating and set a $33.00 price target on the stock. in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $46.67.

A-Mark Precious Metals Trading Down 1.0 %

Shares of AMRK stock opened at $38.00 on Wednesday. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $42.48. The firm has a market cap of $868.30 million, a PE ratio of 11.66 and a beta of -0.05. The company has a 50-day moving average of $36.17 and a two-hundred day moving average of $30.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Insider Activity at A-Mark Precious Metals

In other news, Director Jess M. Ravich bought 20,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now owns 143,668 shares in the company, valued at $3,682,210.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was 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 in the company, valued at $713,510.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jess M. Ravich bought 20,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now directly owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The disclosure for this purchase can be found here. Insiders sold 60,144 shares of company stock valued at $2,196,737 in the last ninety days. Corporate insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMRK. Secure Asset Management LLC boosted its position in shares of A-Mark Precious Metals by 2.4% in the fourth quarter. Secure Asset Management LLC now owns 28,890 shares of the company’s stock worth $874,000 after acquiring an additional 675 shares during the last quarter. Deutsche Bank AG raised its stake in A-Mark Precious Metals by 4.3% during the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock worth $821,000 after purchasing an additional 1,165 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of A-Mark Precious Metals in the 4th quarter valued at $67,000. SG Americas Securities LLC boosted its holdings in A-Mark Precious Metals by 27.4% in the fourth quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock valued at $328,000 after acquiring an additional 2,334 shares during the last quarter. Finally, Corton Capital Inc. grew its position in A-Mark Precious Metals by 37.1% during the third quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock valued at $323,000 after acquiring an additional 2,986 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.