A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,700,000 shares, a decline of 20.9% from the December 31st total of 2,150,000 shares. Based on an average daily volume of 278,800 shares, the short-interest ratio is currently 6.1 days.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of large investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after purchasing an additional 1,143,125 shares in the last quarter. Geode Capital Management LLC increased its position in shares of A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after purchasing an additional 22,087 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of A-Mark Precious Metals by 38.6% during the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after purchasing an additional 102,524 shares in the last quarter. Bard Associates Inc. increased its position in shares of A-Mark Precious Metals by 0.4% during the third quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock worth $4,125,000 after purchasing an additional 396 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of A-Mark Precious Metals by 123.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after purchasing an additional 51,460 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $28.23 on Friday. The company has a market capitalization of $654.37 million, a price-to-earnings ratio of 12.01 and a beta of -0.01. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $27.95 and a 200 day moving average of $34.89.

A-Mark Precious Metals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is presently 34.04%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson lowered their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $46.33.

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.