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

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw unusually-high trading volume on Wednesday . Approximately 185,361 shares changed hands during 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

AMRK has been the subject of a number of research analyst reports. DA Davidson lifted their target price on 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. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, B. Riley decreased their target price on 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.

A-Mark Precious Metals Price Performance

The stock has a fifty day moving average price of $29.74 and a 200-day moving average price of $28.84. The firm has a market capitalization of $842.71 million, a PE ratio of 8.18 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.25 billion. Sell-side analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.80 annualized dividend and a yield of 2.17%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 17.74%.

Insider Buying and Selling

In related news, CEO Gregory N. Roberts sold 8,696 shares of the business’s 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 transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Gregory N. Roberts sold 8,696 shares of the business’s 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 transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, the director now owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here. Insiders have sold a total of 53,637 shares of company stock worth $1,396,360 in the last ninety days. 23.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Keeley Teton Advisors LLC increased its holdings in shares of A-Mark Precious Metals by 3.4% in the first quarter. Keeley Teton Advisors LLC now owns 6,000 shares of the company’s stock valued at $464,000 after purchasing an additional 200 shares during the period. MetLife Investment Management LLC increased its holdings in shares of A-Mark Precious Metals by 4.3% in the second quarter. MetLife Investment Management LLC now owns 10,317 shares of the company’s stock valued at $386,000 after purchasing an additional 427 shares during the period. State of Wyoming increased its holdings in shares of A-Mark Precious Metals by 7.9% in the fourth quarter. State of Wyoming now owns 6,162 shares of the company’s stock valued at $214,000 after purchasing an additional 451 shares during the period. FMR LLC boosted its stake in shares of A-Mark Precious Metals by 67.9% in the third quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after buying an additional 464 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of A-Mark Precious Metals by 4.0% in the third quarter. Alliancebernstein L.P. now owns 13,100 shares of the company’s stock worth $372,000 after buying an additional 500 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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.