A-Mark Precious Metals (NASDAQ:AMRK) Stock Price Down 4.5%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK)’s stock price traded down 4.5% during mid-day trading on Monday . The company traded as low as $38.30 and last traded at $38.64. 302,107 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 327,056 shares. The stock had previously closed at $40.47.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. B. Riley reduced their price objective on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. DA Davidson lifted their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th.

A-Mark Precious Metals Trading Down 3.5 %

The stock has a market cap of $856.88 million, a P/E ratio of 8.31 and a beta of 0.02. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $29.32 and a two-hundred day moving average price of $28.73.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. On average, research analysts expect that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.

Insider Activity

In other news, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $593,049.82. Following the completion of the transaction, the director now owns 408,225 shares in the company, valued at approximately $10,732,235.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of A-Mark Precious Metals by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 54,841 shares of the company’s stock worth $4,242,000 after buying an additional 1,148 shares in the last quarter. Group One Trading L.P. bought a new position in shares of A-Mark Precious Metals during the 1st quarter worth $621,000. MetLife Investment Management LLC grew its position in shares of A-Mark Precious Metals by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 5,273 shares of the company’s stock worth $408,000 after buying an additional 1,946 shares in the last quarter. Rhumbline Advisers grew its position in shares of A-Mark Precious Metals by 14.9% during the 1st quarter. Rhumbline Advisers now owns 11,591 shares of the company’s stock worth $896,000 after buying an additional 1,505 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of A-Mark Precious Metals by 7.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 320,943 shares of the company’s stock worth $24,824,000 after buying an additional 22,632 shares in the last quarter. Hedge funds and other institutional investors 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.