Short Interest in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Decreases By 8.7%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 3,580,000 shares, a decline of 8.7% from the May 31st total of 3,920,000 shares. Based on an average trading volume of 494,200 shares, the short-interest ratio is currently 7.2 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson increased their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Northland Securities downgraded A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Maxim Group initiated coverage on A-Mark Precious Metals in a research report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price target for the company. B. Riley cut A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Wednesday, May 15th. Finally, StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $46.67.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Gregory N. Roberts sold 10,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $38.68, for a total transaction of $386,800.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,090,853.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,948 shares of company stock valued at $1,996,353. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of A-Mark Precious Metals by 4.3% in the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock valued at $821,000 after acquiring an additional 1,165 shares in the last quarter. Invesco Ltd. grew its stake in shares of A-Mark Precious Metals by 80.3% during the third quarter. Invesco Ltd. now owns 206,464 shares of the company’s stock valued at $6,056,000 after buying an additional 91,961 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of A-Mark Precious Metals during the third quarter worth about $730,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of A-Mark Precious Metals by 61.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 41,715 shares of the company’s stock worth $1,224,000 after purchasing an additional 15,818 shares during the period. Finally, Trexquant Investment LP purchased a new stake in A-Mark Precious Metals in the third quarter worth about $1,644,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

A-Mark Precious Metals Stock Down 0.6 %

NASDAQ AMRK traded down $0.18 during trading hours on Tuesday, hitting $32.30. 250,502 shares of the company traded hands, compared to its average volume of 377,824. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.48. The stock has a market capitalization of $738.06 million, a price-to-earnings ratio of 9.91 and a beta of -0.06. The business’s 50-day moving average is $36.81 and its 200-day moving average is $32.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.56). A-Mark Precious Metals had a return on equity of 20.24% and a net margin of 0.77%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.18 billion. Sell-side analysts anticipate that A-Mark Precious Metals will post 3.93 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were paid a $0.20 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. A-Mark Precious Metals’s payout ratio is 24.54%.

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.