Analysts Set A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Price Target at $46.33

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.33.

AMRK has been the topic of several recent analyst reports. DA Davidson decreased their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the transaction, the director now owns 292,535 shares in the company, valued at $12,973,927.25. This represents a 8.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. This represents a 7.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 48.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the third quarter valued at approximately $26,000. Quarry LP raised its stake in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC purchased a new stake in A-Mark Precious Metals during the 2nd quarter worth about $45,000. Strategic Investment Solutions Inc. IL bought a new position in A-Mark Precious Metals in the 3rd quarter worth about $88,000. Finally, Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals during the 3rd quarter valued at about $226,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

A-Mark Precious Metals stock opened at $28.33 on Monday. The stock’s 50 day moving average is $35.31 and its 200-day moving average is $36.70. The company has a market capitalization of $656.69 million, a price-to-earnings ratio of 12.06 and a beta of -0.06. A-Mark Precious Metals has a 12 month low of $24.22 and a 12 month high of $47.39. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is 34.04%.

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.