A-Mark Precious Metals (NASDAQ:AMRK) Shares Gap Down to $25.85

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $25.85, but opened at $24.41. A-Mark Precious Metals shares last traded at $24.83, with a volume of 259 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their target price on A-Mark Precious Metals from $52.00 to $57.00 in a report on Thursday.

A-Mark Precious Metals Trading Down 1.1 %

The company has a quick ratio of 0.53, a current ratio of 1.41 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average is $31.09 and its 200 day moving average is $34.04. The company has a market cap of $597.83 million, a price-to-earnings ratio of 4.75 and a beta of -0.31.

A-Mark Precious Metals Dividend Announcement

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

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently bought and sold shares of the business. Keeley Teton Advisors LLC grew its position in shares of A-Mark Precious Metals by 3.4% in the first quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock valued at $464,000 after purchasing an additional 200 shares during the period. EAM Investors LLC boosted its holdings in A-Mark Precious Metals by 0.7% in the 1st quarter. EAM Investors LLC now owns 34,681 shares of the company’s stock worth $2,682,000 after buying an additional 241 shares during the last quarter. Bailard Inc. increased its stake in A-Mark Precious Metals by 9.2% during the 1st quarter. Bailard Inc. now owns 4,747 shares of the company’s stock worth $367,000 after buying an additional 400 shares in the last quarter. Dorsey Wright & Associates raised its holdings in shares of A-Mark Precious Metals by 88.7% during the second quarter. Dorsey Wright & Associates now owns 1,200 shares of the company’s stock valued at $39,000 after acquiring an additional 564 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of A-Mark Precious Metals in the first quarter valued at approximately $61,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.

A-Mark Precious Metals Company Profile

(Get Rating)

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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