A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) have been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $41.75.

AMRK has been the subject of a number of analyst reports. Northland Securities cut their price objective on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th.

A-Mark Precious Metals Trading Down 1.1 %

Shares of A-Mark Precious Metals stock opened at $23.57 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The company has a market capitalization of $542.56 million, a P/E ratio of 11.50 and a beta of 0.41. A-Mark Precious Metals has a 1 year low of $20.60 and a 1 year high of $47.39. The company’s fifty day moving average is $26.09 and its two-hundred day moving average is $29.70.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) 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%. Analysts forecast that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.39%. A-Mark Precious Metals’s dividend payout ratio is presently 39.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in A-Mark Precious Metals during the first quarter worth about $70,000. GAMMA Investing LLC lifted its stake in A-Mark Precious Metals by 11,170.5% in the 1st quarter. GAMMA Investing LLC now owns 6,875 shares of the company’s stock valued at $174,000 after buying an additional 6,814 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in A-Mark Precious Metals by 15.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,975 shares of the company’s stock valued at $1,452,000 after buying an additional 7,124 shares during the last quarter. Wexford Capital LP purchased a new position in A-Mark Precious Metals during the fourth quarter worth $959,000. Finally, Squarepoint Ops LLC lifted its position in shares of A-Mark Precious Metals by 33.2% in the fourth quarter. Squarepoint Ops LLC now owns 136,802 shares of the company’s stock valued at $3,748,000 after acquiring an additional 34,094 shares in the last quarter. 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.