A-Mark Precious Metals (NASDAQ:AMRK) Sees Strong Trading Volume

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw strong trading volume on Tuesday . 226,268 shares were traded during trading, a decline of 19% from the previous session’s volume of 278,608 shares.The stock last traded at $39.25 and had previously closed at $39.04.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. B. Riley dropped their price objective 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. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, DA Davidson raised their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday.

A-Mark Precious Metals Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. The firm has a market cap of $909.20 million, a price-to-earnings ratio of 8.82 and a beta of 0.02. The firm has a fifty day simple moving average of $28.10 and a two-hundred day simple moving average of $28.38.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). The business 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%. On average, analysts expect that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s payout ratio is 17.74%.

Insider Transactions at A-Mark Precious Metals

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in A-Mark Precious Metals by 48.9% during the third 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 in the last quarter. Invesco Ltd. raised its position in A-Mark Precious Metals by 80.3% during the third quarter. Invesco Ltd. now owns 206,464 shares of the company’s stock valued at $6,056,000 after acquiring an additional 91,961 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in A-Mark Precious Metals during the third quarter valued at approximately $587,000. Schonfeld Strategic Advisors LLC acquired a new stake in A-Mark Precious Metals in the third quarter valued at approximately $1,176,000. Finally, LSV Asset Management grew its holdings in A-Mark Precious Metals by 136.6% in the third quarter. LSV Asset Management now owns 192,105 shares of the company’s stock valued at $5,634,000 after purchasing an additional 110,905 shares during the period. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

About A-Mark Precious Metals

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.