A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 964,800 shares, an increase of 114.8% from the August 15th total of 449,200 shares. Based on an average daily volume of 177,300 shares, the days-to-cover ratio is presently 5.4 days.
Analyst Ratings Changes
Several analysts have issued reports on the stock. StockNews.com started coverage on shares of A-Mark Precious Metals in a report on Thursday, August 17th. They issued a “hold” rating on the stock. DA Davidson raised their price objective on A-Mark Precious Metals from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, September 1st.
A-Mark Precious Metals Trading Down 0.5 %
A-Mark Precious Metals Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, October 6th. A-Mark Precious Metals’s dividend payout ratio is presently 12.60%.
Institutional Investors Weigh In On A-Mark Precious Metals
Several institutional investors and hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in A-Mark Precious Metals by 125.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,078 shares of the company’s stock worth $37,000 after acquiring an additional 600 shares in the last quarter. Quarry LP acquired a new position in shares of A-Mark Precious Metals during the second quarter worth $37,000. Tower Research Capital LLC TRC boosted its stake in shares of A-Mark Precious Metals by 836.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock valued at $64,000 after purchasing an additional 2,017 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter valued at $68,000. Finally, AXS Investments LLC purchased a new stake in A-Mark Precious Metals during the 4th quarter worth $75,000. Hedge funds and other institutional investors own 54.84% 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 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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