Northland Capmk Weighs in on A-Mark Precious Metals, Inc.’s FY2024 Earnings (NASDAQ:AMRK)

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) – Northland Capmk decreased their FY2024 EPS estimates for shares of A-Mark Precious Metals in a research note issued to investors on Wednesday, May 8th. Northland Capmk analyst G. Gibas now forecasts that the company will earn $3.93 per share for the year, down from their previous estimate of $4.33. The consensus estimate for A-Mark Precious Metals’ current full-year earnings is $4.33 per share.

AMRK has been the subject of a number of other research reports. Northland Securities lowered shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley cut their target price on shares of 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. Finally, DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $40.86 on Thursday. The firm has a market cap of $933.86 million, a price-to-earnings ratio of 9.06 and a beta of -0.05. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average is $33.91 and its 200-day moving average is $29.93. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds have recently made changes to their positions in AMRK. SG Americas Securities LLC bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $250,000. Bank of New York Mellon Corp raised its stake in shares of A-Mark Precious Metals by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 140,133 shares of the company’s stock worth $4,110,000 after purchasing an additional 2,995 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of A-Mark Precious Metals by 1,515.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock worth $2,881,000 after purchasing an additional 92,139 shares during the period. Yacktman Asset Management LP bought a new position in shares of A-Mark Precious Metals during the 3rd quarter worth $1,085,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of A-Mark Precious Metals by 2,596.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,079 shares of the company’s stock valued at $354,000 after buying an additional 11,631 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction dated 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 owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich acquired 20,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were bought at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the purchase, the director now owns 143,668 shares in the company, valued at $3,682,210.84. The disclosure for this purchase can be found here. Insiders have sold 53,637 shares of company stock valued at $1,396,360 in the last 90 days. 23.20% of the stock is currently owned by insiders.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.

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.