A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,240,000 shares, a decrease of 19.1% from the October 31st total of 2,770,000 shares. Based on an average daily trading volume, of 344,000 shares, the short-interest ratio is currently 6.5 days.

Wall Street Analysts Forecast Growth

AMRK has been the topic of several research reports. DA Davidson lowered 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 report on Thursday, November 7th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.33.

Insiders Place Their Bets

In related news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 43.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. This trade represents a 7.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after buying an additional 1,143,125 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of A-Mark Precious Metals by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock valued at $31,865,000 after purchasing an additional 6,544 shares in the last quarter. Geode Capital Management LLC raised its position in A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after purchasing an additional 22,087 shares during the period. CWA Asset Management Group LLC bought a new stake in A-Mark Precious Metals in the third quarter worth $11,741,000. Finally, Driehaus Capital Management LLC purchased a new stake in A-Mark Precious Metals during the second quarter valued at about $5,702,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Trading Down 0.6 %

Shares of A-Mark Precious Metals stock opened at $30.30 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The stock has a market capitalization of $702.35 million, a P/E ratio of 12.89 and a beta of -0.01. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39. The stock’s 50-day simple moving average is $37.68 and its 200 day simple moving average is $37.20.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. As a group, research analysts anticipate that A-Mark Precious Metals will post 3.54 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is 34.04%.

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.