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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.33.

Several research firms recently issued reports on AMRK. DA Davidson dropped their price target on 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 upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday, December 9th.

A-Mark Precious Metals Stock Up 0.8 %

Shares of A-Mark Precious Metals stock opened at $28.42 on Monday. The business has a 50-day moving average price of $34.98 and a 200 day moving average price of $36.64. A-Mark Precious Metals has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The firm has a market cap of $658.78 million, a P/E ratio of 12.09 and a beta of -0.06. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. A-Mark Precious Metals’s payout ratio is currently 34.04%.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction that occurred 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 sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,240,888. The trade was a 13.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. This trade represents a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMRK. FMR LLC grew 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 valued at $53,425,000 after buying an additional 1,143,125 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of A-Mark Precious Metals by 5.4% in the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after acquiring an additional 22,087 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter valued at approximately $11,741,000. Driehaus Capital Management LLC bought a new stake in A-Mark Precious Metals during the second quarter worth approximately $5,702,000. Finally, Bank of New York Mellon Corp lifted its position in A-Mark Precious Metals by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 164,580 shares of the company’s stock worth $5,327,000 after purchasing an additional 10,673 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

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.