Short Interest in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Drops By 20.9%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw a large decline in short interest during 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 trading volume of 278,800 shares, the short-interest ratio is presently 6.1 days.

A-Mark Precious Metals Trading Up 1.6 %

Shares of A-Mark Precious Metals stock traded up $0.43 on Thursday, hitting $27.51. 11,841 shares of the company traded hands, compared to its average volume of 171,037. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39. The company has a market cap of $637.75 million, a PE ratio of 11.74 and a beta of -0.01. The stock’s 50 day moving average price is $28.02 and its 200-day moving average price is $34.95. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. A-Mark Precious Metals’s payout ratio is 34.04%.

Analyst Ratings Changes

Several research firms have commented on AMRK. DA Davidson dropped their price objective on shares of 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 upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.33.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after acquiring an additional 22,087 shares during the last quarter. Barclays PLC increased its holdings in A-Mark Precious Metals by 349.0% in the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock worth $1,259,000 after buying an additional 22,181 shares during the period. CWA Asset Management Group LLC raised its position in A-Mark Precious Metals by 38.6% during the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after buying an additional 102,524 shares during the last quarter. Riverwater Partners LLC lifted its stake in A-Mark Precious Metals by 385.1% during the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock valued at $2,001,000 after acquiring an additional 35,545 shares during the period. Finally, FMR LLC increased its stake in shares of A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock worth $53,425,000 after acquiring an additional 1,143,125 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.