A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Down 5.8% in October

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 2,750,000 shares, a decrease of 5.8% from the September 30th total of 2,920,000 shares. Based on an average daily volume of 320,800 shares, the days-to-cover ratio is presently 8.6 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMRK. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. DA Davidson lifted their target price on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, A-Mark Precious Metals presently has an average rating of “Hold” and a consensus target price of $49.33.

Insider Buying and Selling

In other news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the sale, the director now owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 over the last quarter. 48.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in A-Mark Precious Metals by 99.6% in the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock valued at $1,047,000 after acquiring an additional 17,023 shares during the last quarter. Pullen Investment Management LLC acquired a new position in A-Mark Precious Metals during the first quarter worth $694,000. GSA Capital Partners LLP acquired a new stake in shares of A-Mark Precious Metals in the 1st quarter worth $712,000. Quantbot Technologies LP raised its holdings in shares of A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after acquiring an additional 4,895 shares during the period. Finally, Significant Wealth Partners LLC acquired a new position in shares of A-Mark Precious Metals during the 1st quarter valued at about $1,194,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

A-Mark Precious Metals Trading Down 0.6 %

AMRK stock opened at $38.85 on Friday. The business’s 50-day moving average is $41.81 and its 200 day moving average is $38.30. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $47.39. The stock has a market cap of $900.12 million, a price-to-earnings ratio of 14.13 and a beta of -0.04. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. On average, sell-side analysts anticipate that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 29.09%.

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.