A-Mark Precious Metals (NASDAQ:AMRK) Trading 7.7% Higher – Here’s Why

A-Mark Precious Metals, Inc. (NASDAQ:AMRK)’s share price was up 7.7% during trading on Friday . The stock traded as high as $23.33 and last traded at $23.82. Approximately 85,402 shares were traded during trading, a decline of 75% from the average daily volume of 337,797 shares. The stock had previously closed at $22.12.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Northland Securities cut their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.75.

A-Mark Precious Metals Trading Up 7.6 %

The company has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $30.57. The company has a market capitalization of $547.65 million, a P/E ratio of 11.46 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. On average, analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, April 15th. A-Mark Precious Metals’s dividend payout ratio is 39.02%.

Institutional Trading of A-Mark Precious Metals

Large investors have recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $26,000. Coppell Advisory Solutions LLC lifted its position in shares of A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock worth $53,000 after purchasing an additional 806 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after purchasing an additional 1,840 shares during the last quarter. NBC Securities Inc. bought a new stake in A-Mark Precious Metals during the 1st quarter valued at approximately $70,000. Finally, GAMMA Investing LLC grew its holdings 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 during the last quarter. 75.25% of the stock is owned by 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.