A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 4,140,000 shares, an increase of 37.1% from the March 31st total of 3,020,000 shares. Based on an average trading volume of 369,200 shares, the short-interest ratio is currently 11.2 days.

Analysts Set New Price Targets

Several research analysts recently commented on AMRK shares. B. Riley reduced their price target 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. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday. Finally, DA Davidson raised their target price 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.

A-Mark Precious Metals Stock Performance

Shares of AMRK traded up $1.58 during trading hours on Friday, hitting $40.12. The company had a trading volume of 547,595 shares, compared to its average volume of 634,149. The business has a fifty day moving average of $31.17 and a 200-day moving average of $29.25. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The firm has a market cap of $916.74 million, a price-to-earnings ratio of 8.90 and a beta of 0.02. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly 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). 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 the consensus estimate of $2.25 billion. Equities analysts anticipate that A-Mark Precious Metals will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders 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 yield of 1.99%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals’s payout ratio is 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 that occurred on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael R. Wittmeyer sold 22,383 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the completion of the sale, the director now owns 453,283 shares in the company, valued at approximately $11,812,554.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares of the company’s stock, 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 three months. Insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals in the 4th quarter worth about $67,000. Quest Partners LLC bought a new position in shares of A-Mark Precious Metals during the fourth quarter worth approximately $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at approximately $220,000. Raymond James & Associates bought a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at approximately $236,000. Finally, SG Americas Securities LLC acquired a new stake in A-Mark Precious Metals during the third quarter worth approximately $250,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.