A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives $46.33 Consensus Target Price from Brokerages

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

AMRK has been the topic of several analyst reports. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. DA Davidson cut their target price on 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.

A-Mark Precious Metals Stock Up 2.5 %

AMRK stock opened at $30.83 on Thursday. The firm has a market capitalization of $714.64 million, a PE ratio of 13.12 and a beta of -0.01. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The stock’s 50 day moving average is $39.96 and its 200-day moving average is $37.70.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. Sell-side analysts expect that A-Mark Precious Metals will post 3.54 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a yield of 2.59%. A-Mark Precious Metals’s payout ratio is currently 34.04%.

Insider Buying and Selling

In other news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. This represents a 13.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 25,841 shares of A-Mark Precious Metals stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the sale, the director now directly owns 292,535 shares of the company’s stock, valued at approximately $12,973,927.25. This trade represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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

Large investors have recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its stake in shares of A-Mark Precious Metals by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock valued at $614,000 after buying an additional 391 shares in the last quarter. Bard Associates Inc. raised its holdings in A-Mark Precious Metals by 0.4% during the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after acquiring an additional 396 shares during the period. Quarry LP lifted its position 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. Hobbs Group Advisors LLC bought a new position in shares of A-Mark Precious Metals in the third quarter worth $26,000. Finally, Empowered Funds LLC grew its position in shares of A-Mark Precious Metals by 5.0% in the third quarter. Empowered Funds LLC now owns 16,858 shares of the company’s stock valued at $744,000 after purchasing an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.