A-Mark Precious Metals (NASDAQ:AMRK) Stock Price Down 5.1%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) shares dropped 5.1% on Monday . The stock traded as low as $44.41 and last traded at $44.51. Approximately 176,765 shares traded hands during trading, a decline of 52% from the average daily volume of 368,842 shares. The stock had previously closed at $46.92.

Wall Street Analyst Weigh In

AMRK has been the topic of a number of recent analyst reports. DA Davidson boosted their target price on A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Maxim Group started coverage on A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective on the stock. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.67.

A-Mark Precious Metals Trading Down 4.5 %

The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 14.39 and a beta of -0.05. The company has a 50-day moving average price of $37.47 and a 200 day moving average price of $35.58.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.79%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP raised its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at approximately $45,000. Quest Partners LLC acquired a new position in A-Mark Precious Metals in the fourth quarter worth approximately $184,000. Capstone Investment Advisors LLC bought a new position in A-Mark Precious Metals during the fourth quarter valued at approximately $220,000. Finally, Quantbot Technologies LP raised its position in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.