A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Down 19.1% in November

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,240,000 shares, a decrease of 19.1% from the October 31st total of 2,770,000 shares. Based on an average daily trading volume, of 344,000 shares, the days-to-cover ratio is currently 6.5 days.

Insiders Place Their Bets

In related news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the sale, the director now directly owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. This represents a 7.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,281,498.88. This represents a 43.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock valued at $4,911,036 over the last quarter. 48.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company’s stock worth $1,259,000 after buying an additional 22,181 shares during the period. Hobbs Group Advisors LLC bought a new stake in A-Mark Precious Metals during the third quarter valued at about $26,000. Geode Capital Management LLC boosted its position in A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after purchasing an additional 22,087 shares in the last quarter. XTX Topco Ltd purchased a new position in A-Mark Precious Metals in the third quarter valued at about $418,000. Finally, Epacria Capital Partners LLC lifted its position in shares of A-Mark Precious Metals by 31.3% during the third quarter. Epacria Capital Partners LLC now owns 16,600 shares of the company’s stock valued at $733,000 after buying an additional 3,955 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMRK shares. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. DA Davidson reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of “Hold” and a consensus price target of $46.33.

A-Mark Precious Metals Trading Down 0.6 %

Shares of NASDAQ:AMRK traded down $0.18 during trading on Friday, reaching $30.30. 85,329 shares of the company were exchanged, compared to its average volume of 354,138. The business’s fifty day simple moving average is $37.68 and its 200-day simple moving average is $37.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The firm has a market capitalization of $702.48 million, a PE ratio of 12.89 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS 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 firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, research analysts anticipate that A-Mark Precious Metals will post 3.54 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

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.