A-Mark Precious Metals (NASDAQ:AMRK) Shares Down 8.2% – What’s Next?

A-Mark Precious Metals, Inc. (NASDAQ:AMRK)’s share price dropped 8.2% during trading on Friday . The stock traded as low as $26.11 and last traded at $26.07. Approximately 238,918 shares changed hands during trading, a decline of 32% from the average daily volume of 349,560 shares. The stock had previously closed at $28.41.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMRK shares. Northland Securities decreased their price target on shares of A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, A-Mark Precious Metals presently has an average rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Stock Down 6.9 %

The company has a market capitalization of $608.85 million, a PE ratio of 12.90 and a beta of 0.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58. The company’s 50-day moving average is $27.70 and its 200 day moving average is $32.31.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. As a group, analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Shareholders of record on Tuesday, January 14th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is 39.02%.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in A-Mark Precious Metals by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,042 shares of the company’s stock worth $275,000 after buying an additional 456 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in A-Mark Precious Metals in the 3rd quarter worth approximately $26,000. Rhumbline Advisers lifted its holdings in shares of A-Mark Precious Metals by 2.1% during the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock valued at $817,000 after buying an additional 621 shares during the period. Empowered Funds LLC boosted its position in A-Mark Precious Metals by 4.6% in the fourth quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock worth $483,000 after purchasing an additional 782 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its position in A-Mark Precious Metals by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 27,640 shares of the company’s stock valued at $757,000 after buying an additional 782 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.