A-Mark Precious Metals (NASDAQ:AMRK) Sets New 1-Year Low – What’s Next?

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) hit a new 52-week low during trading on Monday . The company traded as low as $24.94 and last traded at $25.01, with a volume of 116801 shares traded. The stock had previously closed at $26.45.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Northland Securities reduced their price target 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 report on Friday, February 7th. Finally, DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of A-Mark Precious Metals in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Performance

The company’s 50 day moving average is $27.68 and its 200 day moving average is $32.03. The firm has a market cap of $585.83 million, a P/E ratio of 12.48 and a beta of 0.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm 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. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 annualized dividend and a yield of 3.14%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in A-Mark Precious Metals by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after purchasing an additional 456 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of A-Mark Precious Metals during the third quarter worth about $26,000. Rhumbline Advisers lifted its stake in shares of A-Mark Precious Metals by 2.1% in the fourth quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock worth $817,000 after acquiring an additional 621 shares during the period. Empowered Funds LLC boosted its holdings in A-Mark Precious Metals by 4.6% in the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock valued at $483,000 after acquiring an additional 782 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in A-Mark Precious Metals by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 27,640 shares of the company’s stock valued at $757,000 after purchasing an additional 782 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.