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

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw strong trading volume on Wednesday . 185,361 shares were traded during mid-day trading, a decline of 45% from the previous session’s volume of 336,809 shares.The stock last traded at $37.47 and had previously closed at $37.50.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMRK shares. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley decreased their target price on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, DA Davidson increased their target price on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th.

A-Mark Precious Metals Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The firm has a 50 day simple moving average of $29.74 and a two-hundred day simple moving average of $28.84. The firm has a market capitalization of $842.71 million, a P/E ratio of 8.18 and a beta of 0.02.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data 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). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. Equities research analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.17%. 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 A-Mark Precious Metals 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 sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals 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 sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jess M. Ravich acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $25.63 per share, with a total value of $512,600.00. Following the acquisition, the director now owns 143,668 shares in the company, valued at approximately $3,682,210.84. The disclosure for this purchase can be found here. Insiders have sold 53,637 shares of company stock worth $1,396,360 in the last ninety days. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Several large investors have recently added to or reduced their stakes in AMRK. Wellington Management Group LLP purchased a new stake in A-Mark Precious Metals in the 1st quarter worth about $19,975,000. State Street Corp grew its holdings in A-Mark Precious Metals by 115.0% during the 2nd quarter. State Street Corp now owns 358,999 shares of the company’s stock valued at $11,578,000 after buying an additional 192,046 shares in the last quarter. Renaissance Technologies LLC grew its holdings in A-Mark Precious Metals by 156.4% during the 2nd quarter. Renaissance Technologies LLC now owns 308,384 shares of the company’s stock valued at $9,945,000 after buying an additional 188,092 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in A-Mark Precious Metals by 41.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company’s stock valued at $20,275,000 after buying an additional 157,750 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after buying an additional 150,343 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.