A-Mark Precious Metals (NASDAQ:AMRK) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a report released on Thursday.

Separately, DA Davidson lowered their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, A-Mark Precious Metals currently has an average rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Stock Performance

AMRK opened at $26.05 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $33.52 and its two-hundred day moving average price is $36.26. The firm has a market capitalization of $603.94 million, a P/E ratio of 11.09 and a beta of -0.06. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39.

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a yield of 3.07%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 34.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its holdings in A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after buying an additional 22,181 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter valued at about $26,000. Geode Capital Management LLC increased its stake in 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 during the period. XTX Topco Ltd acquired a new position in A-Mark Precious Metals in the third quarter worth about $418,000. Finally, Epacria Capital Partners LLC lifted its stake in 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 worth $733,000 after purchasing an additional 3,955 shares during the period. 75.25% of the stock is owned by institutional investors.

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.