A-Mark Precious Metals (NASDAQ:AMRK) Shares Gap Down to $40.34

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) gapped down prior to trading on Wednesday . The stock had previously closed at $40.34, but opened at $35.18. A-Mark Precious Metals shares last traded at $37.85, with a volume of 783,137 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMRK. B. Riley dropped their price objective on shares of 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. Northland Securities lowered shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday. DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday.

A-Mark Precious Metals Trading Up 7.1 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. The business’s 50 day moving average price is $33.91 and its 200-day moving average price is $29.93. The firm has a market capitalization of $933.86 million, a price-to-earnings ratio of 9.06 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last issued 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 return on equity of 26.90% and a net margin of 1.10%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.

Insider Buying and Selling

In related news, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the sale, the director now directly owns 453,283 shares in the company, valued at approximately $11,812,554.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,637 shares of company stock valued at $1,396,360. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of A-Mark Precious Metals by 48.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company’s stock valued at $11,286,000 after purchasing an additional 126,385 shares during the last quarter. Invesco Ltd. boosted its position in A-Mark Precious Metals by 80.3% during the third quarter. Invesco Ltd. now owns 206,464 shares of the company’s stock worth $6,056,000 after acquiring an additional 91,961 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in A-Mark Precious Metals during the third quarter worth approximately $587,000. Schonfeld Strategic Advisors LLC acquired a new stake in A-Mark Precious Metals during the third quarter worth approximately $1,176,000. Finally, Vanguard Group Inc. boosted its position in A-Mark Precious Metals by 0.6% during the third quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company’s stock worth $30,296,000 after acquiring an additional 6,184 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Company Profile

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.