A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Average Rating of “Hold” from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been given an average rating of “Hold” by the five research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $46.33.

AMRK has been the subject of several recent analyst reports. DA Davidson dropped their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ AMRK opened at $27.92 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The stock’s fifty day moving average price is $27.88 and its two-hundred day moving average price is $34.76. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The firm has a market cap of $647.19 million, a price-to-earnings ratio of 11.88 and a beta of -0.02.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were paid a $0.20 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.87%. A-Mark Precious Metals’s payout ratio is 34.04%.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC purchased a new stake in A-Mark Precious Metals in the third quarter worth $26,000. Quarry LP raised its holdings in A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of A-Mark Precious Metals in the third quarter worth about $88,000. nVerses Capital LLC boosted its position in shares of A-Mark Precious Metals by 157.1% during the third quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock valued at $159,000 after buying an additional 2,200 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock valued at $206,000 after purchasing an additional 949 shares during the period. Institutional investors and hedge funds 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.