A-Mark Precious Metals (AMRK) Sets New 52-Week Low at $13.44
A-Mark Precious Metals Inc (NASDAQ:AMRK) hit a new 52-week low during trading on Wednesday . The company traded as low as $13.44 and last traded at $14.00, with a volume of 14000 shares changing hands. The stock had previously closed at $14.16.
Several brokerages recently issued reports on AMRK. cut their target price on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. B. Riley cut their target price on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Finally, Zacks Investment Research raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.77.
The company has a market cap of $99.57, a PE ratio of 17.92 and a beta of 0.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 1.11.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Tuesday, September 12th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.10). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.81 billion. A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 7.75%. equities research analysts forecast that A-Mark Precious Metals Inc will post 0.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 24th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.32 annualized dividend and a dividend yield of 2.38%. A-Mark Precious Metals’s payout ratio is 40.51%.
In related news, CEO Gregory N. Roberts sold 3,300 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $16.37, for a total transaction of $54,021.00. Following the transaction, the chief executive officer now owns 26,056 shares of the company’s stock, valued at $426,536.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 9,200 shares of company stock worth $148,879. 38.80% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in A-Mark Precious Metals by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock worth $4,789,000 after acquiring an additional 20,349 shares during the period. Shufro Rose & Co. LLC lifted its holdings in A-Mark Precious Metals by 2.7% during the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock worth $3,658,000 after acquiring an additional 5,800 shares during the period. William Blair Investment Management LLC lifted its holdings in A-Mark Precious Metals by 10.5% during the second quarter. William Blair Investment Management LLC now owns 196,332 shares of the company’s stock worth $3,217,000 after acquiring an additional 18,585 shares during the period. Cove Street Capital LLC lifted its holdings in A-Mark Precious Metals by 3.9% during the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after acquiring an additional 2,390 shares during the period. Finally, Northern Trust Corp lifted its holdings in A-Mark Precious Metals by 5.9% during the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after acquiring an additional 1,902 shares during the period. Institutional investors and hedge funds own 19.66% of the company’s stock.
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A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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