A-Mark Precious Metals Inc. (NASDAQ:AMRK)‘s stock had its “neutral” rating reaffirmed by B. Riley in a note issued to investors on Tuesday. They currently have a $17.50 price target on the stock. B. Riley’s price objective suggests a potential upside of 7.56% from the company’s previous close.
Separately, TheStreet downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. A-Mark Precious Metals presently has an average rating of “Hold” and a consensus price target of $19.83.
A-Mark Precious Metals (NASDAQ:AMRK) traded down 2.05% on Tuesday, hitting $16.27. 7,119 shares of the stock were exchanged. The firm has a market cap of $114.39 million, a P/E ratio of 20.99 and a beta of 0.07. The company has a 50-day moving average of $15.88 and a 200 day moving average of $16.34. A-Mark Precious Metals has a 12 month low of $14.02 and a 12 month high of $22.07.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.24. A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 8.63%. Equities research analysts expect that A-Mark Precious Metals will post $1.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a $0.07 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.28 annualized dividend and a yield of 1.72%. A-Mark Precious Metals’s payout ratio is presently 35.90%.
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $15.50, for a total value of $51,150.00. Following the transaction, the chief executive officer now directly owns 65,656 shares in the company, valued at $1,017,668. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 44.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of A-Mark Precious Metals by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 295,330 shares of the company’s stock worth $4,778,000 after buying an additional 20,316 shares during the period. Shufro Rose & Co. LLC boosted its stake in shares of A-Mark Precious Metals by 7.6% in the second quarter. Shufro Rose & Co. LLC now owns 204,300 shares of the company’s stock worth $3,306,000 after buying an additional 14,500 shares during the period. Vanguard Group Inc. boosted its stake in shares of A-Mark Precious Metals by 1.8% in the second quarter. Vanguard Group Inc. now owns 172,142 shares of the company’s stock worth $2,785,000 after buying an additional 3,013 shares during the period. Numeric Investors LLC boosted its stake in shares of A-Mark Precious Metals by 39.2% in the second quarter. Numeric Investors LLC now owns 138,648 shares of the company’s stock worth $2,243,000 after buying an additional 39,053 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in shares of A-Mark Precious Metals by 7.1% in the third quarter. Granite Investment Partners LLC now owns 131,625 shares of the company’s stock worth $2,112,000 after buying an additional 8,691 shares during the period. Institutional investors and hedge funds own 20.25% of the company’s stock.
A-Mark Precious Metals Company Profile