A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Given Consensus Rating of “Hold” by Analysts

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.67.

Several research analysts have commented on the company. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Northland Securities downgraded shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Maxim Group started coverage on shares of A-Mark Precious Metals in a research report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 target price for the company. B. Riley lowered A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, May 15th. Finally, Northland Capmk cut shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th.

A-Mark Precious Metals Trading Down 2.9 %

A-Mark Precious Metals stock opened at $33.78 on Monday. A-Mark Precious Metals has a 52 week low of $23.14 and a 52 week high of $42.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The firm has a market capitalization of $772.04 million, a PE ratio of 10.36 and a beta of -0.06. The business’s 50-day simple moving average is $34.94 and its 200-day simple moving average is $33.34.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Insider Activity

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $38.68, for a total transaction of $386,800.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,090,853.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 10,000 shares of A-Mark Precious Metals stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $38.68, for a total value of $386,800.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,090,853.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 5,000 shares of the company’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 transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The disclosure for this sale can be found here. Insiders have sold 31,000 shares of company stock worth $1,206,005 in the last 90 days. Corporate insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in A-Mark Precious Metals by 99.6% in the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock valued at $1,047,000 after acquiring an additional 17,023 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of A-Mark Precious Metals in the 1st quarter valued at about $712,000. Campbell & CO Investment Adviser LLC acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at about $714,000. Vanguard Group Inc. grew its holdings in A-Mark Precious Metals by 0.6% during the third quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company’s stock worth $30,296,000 after purchasing an additional 6,184 shares during the period. Finally, SG Americas Securities LLC increased its position in A-Mark Precious Metals by 27.4% during the fourth quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock worth $328,000 after buying an additional 2,334 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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.