Short Interest in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Grows By 13.2%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,870,000 shares, a growth of 13.2% from the August 15th total of 3,420,000 shares. Based on an average daily volume of 346,300 shares, the short-interest ratio is currently 11.2 days.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMRK shares. Maxim Group assumed coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price target for the company. DA Davidson increased their price objective on shares of 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. Finally, StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.67.

A-Mark Precious Metals Stock Down 0.8 %

A-Mark Precious Metals stock opened at $44.43 on Wednesday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.63 and a beta of -0.05. The firm’s fifty day moving average price is $37.91 and its two-hundred day moving average price is $35.84. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Insider Transactions at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its stake in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. nVerses Capital LLC purchased a new position in A-Mark Precious Metals during the second quarter worth about $45,000. Quest Partners LLC purchased a new position in A-Mark Precious Metals during the fourth quarter worth about $184,000. Capstone Investment Advisors LLC bought a new stake in A-Mark Precious Metals in the 4th quarter worth about $220,000. Finally, Quantbot Technologies LP increased its stake in A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the last quarter. 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.