A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Average Recommendation of “Hold” by Brokerages

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $46.33.

Several brokerages have recently issued reports on AMRK. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. DA Davidson reduced their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 7,680 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.03, for a total value of $338,150.40. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,241,734.06. This represents a 21.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Wittmeyer sold 25,841 shares of A-Mark Precious Metals stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the transaction, the director now directly owns 292,535 shares in the company, valued at approximately $12,973,927.25. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,816 shares of company stock worth $3,248,996 in the last ninety days. Company insiders own 48.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverwater Partners LLC lifted its holdings in shares of A-Mark Precious Metals by 385.1% during the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock valued at $2,001,000 after purchasing an additional 35,545 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in A-Mark Precious Metals by 359.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after buying an additional 64,221 shares during the period. FMR LLC lifted its stake in A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after buying an additional 1,143,125 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of A-Mark Precious Metals by 44.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock valued at $2,430,000 after buying an additional 16,935 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in shares of A-Mark Precious Metals during the second quarter worth $5,702,000. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Trading Up 0.8 %

Shares of AMRK opened at $28.42 on Monday. The stock’s fifty day simple moving average is $34.67 and its 200-day simple moving average is $36.55. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $658.78 million, a PE ratio of 12.09 and a beta of -0.06. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.81%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

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.