A-Mark Precious Metals (NASDAQ:AMRK) Stock Price Up 3.3%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK)’s share price was up 3.3% during trading on Friday . The company traded as high as $41.49 and last traded at $41.37. Approximately 142,233 shares traded hands during trading, a decline of 54% from the average daily volume of 312,331 shares. The stock had previously closed at $40.05.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. DA Davidson lifted their target price on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, B. Riley dropped their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st.

A-Mark Precious Metals Trading Up 1.5 %

The company has a market cap of $929.31 million, a price-to-earnings ratio of 9.02 and a beta of 0.02. The business has a fifty day simple moving average of $28.87 and a 200 day simple moving average of $28.62. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.25 billion. On average, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.97%. A-Mark Precious Metals’s payout ratio is 17.74%.

Insider Transactions at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael R. Wittmeyer sold 22,383 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the transaction, the director now directly owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The disclosure for this sale can be found here. Insiders have sold 53,637 shares of company stock valued at $1,396,360 in the last quarter. 23.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in A-Mark Precious Metals by 48.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company’s stock valued at $11,286,000 after acquiring an additional 126,385 shares during the last quarter. Invesco Ltd. grew its position in shares of A-Mark Precious Metals by 80.3% in the third quarter. Invesco Ltd. now owns 206,464 shares of the company’s stock valued at $6,056,000 after purchasing an additional 91,961 shares during the period. Atria Wealth Solutions Inc. acquired a new position in A-Mark Precious Metals in the third quarter valued at $587,000. Schonfeld Strategic Advisors LLC acquired a new position in A-Mark Precious Metals in the third quarter valued at $1,176,000. Finally, LSV Asset Management lifted its position in A-Mark Precious Metals by 136.6% during the third quarter. LSV Asset Management now owns 192,105 shares of the company’s stock worth $5,634,000 after buying an additional 110,905 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.