A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Rating of “Hold” from Analysts

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.75.

A number of equities research analysts have issued reports on the company. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Northland Securities lowered their target price on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Finally, DA Davidson dropped their target price on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 7th.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the third quarter valued at about $26,000. Coppell Advisory Solutions LLC increased its stake in A-Mark Precious Metals by 72.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock valued at $53,000 after acquiring an additional 806 shares during the period. Farther Finance Advisors LLC raised its holdings in A-Mark Precious Metals by 446.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock valued at $62,000 after acquiring an additional 1,840 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth approximately $88,000. Finally, Ancora Advisors LLC lifted its position in shares of A-Mark Precious Metals by 2,013.1% in the 4th quarter. Ancora Advisors LLC now owns 7,121 shares of the company’s stock worth $195,000 after acquiring an additional 6,784 shares during the period. 75.25% of the stock is owned by institutional investors.

A-Mark Precious Metals Trading Up 0.1 %

Shares of NASDAQ:AMRK opened at $27.35 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $629.48 million, a PE ratio of 13.34 and a beta of -0.02. A-Mark Precious Metals has a 1 year low of $24.98 and a 1 year high of $47.39. The firm has a fifty day moving average price of $27.41 and a 200 day moving average price of $33.74.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Analysts expect that A-Mark Precious Metals will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Investors 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 yield of 2.93%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 39.02%.

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.