A-Mark Precious Metals (NASDAQ:AMRK) Reaches New 12-Month Low at $25.70

A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Rating)’s stock price hit a new 52-week low on Friday . The company traded as low as $25.70 and last traded at $25.70, with a volume of 131 shares trading hands. The stock had previously closed at $26.74.

Wall Street Analysts Forecast Growth

AMRK has been the topic of a number of analyst reports. Northland Securities upped their price target on A-Mark Precious Metals from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 25th. DA Davidson upped their price target on A-Mark Precious Metals to $52.00 in a research report on Tuesday, September 6th.

A-Mark Precious Metals Trading Down 5.0 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.41 and a quick ratio of 0.53. The company has a market cap of $593.85 million, a price-to-earnings ratio of 4.67 and a beta of -0.31. The business has a 50 day simple moving average of $31.34 and a 200 day simple moving average of $34.36.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 26th. Shareholders of record on Monday, September 12th will be paid a $1.00 dividend. This represents a yield of 3.57%. The ex-dividend date of this dividend is Friday, September 9th.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the business. G2 Investment Partners Management LLC acquired a new position in shares of A-Mark Precious Metals during the first quarter valued at $6,357,000. Nkcfo LLC lifted its stake in shares of A-Mark Precious Metals by 141.9% during the second quarter. Nkcfo LLC now owns 10,400 shares of the company’s stock valued at $335,000 after acquiring an additional 6,100 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of A-Mark Precious Metals during the first quarter valued at $618,000. CWA Asset Management Group LLC lifted its stake in shares of A-Mark Precious Metals by 157.9% during the first quarter. CWA Asset Management Group LLC now owns 189,605 shares of the company’s stock valued at $14,664,000 after acquiring an additional 116,092 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in shares of A-Mark Precious Metals by 3.6% during the first quarter. Wedbush Securities Inc. now owns 101,125 shares of the company’s stock valued at $7,821,000 after acquiring an additional 3,490 shares during the period. Institutional investors and hedge funds own 59.78% of the company’s stock.

About A-Mark Precious Metals

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A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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.

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