A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Down 5.8% in October

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 2,750,000 shares, a decrease of 5.8% from the September 30th total of 2,920,000 shares. Based on an average daily volume of 320,800 shares, the short-interest ratio is presently 8.6 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. DA Davidson upped their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 30th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.33.

Insiders Place Their Bets

In other news, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the transaction, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the transaction, the director now owns 292,535 shares of the company’s stock, valued at $12,666,765.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 in the last three months. Insiders own 48.64% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in A-Mark Precious Metals by 99.6% during the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after purchasing an additional 17,023 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of A-Mark Precious Metals in the 1st quarter valued at $712,000. Riverwater Partners LLC raised its stake in A-Mark Precious Metals by 385.1% during the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock valued at $2,001,000 after acquiring an additional 35,545 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after acquiring an additional 64,221 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in A-Mark Precious Metals in the second quarter valued at $5,702,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Stock Performance

NASDAQ AMRK opened at $37.28 on Friday. The business has a 50 day simple moving average of $41.81 and a two-hundred day simple moving average of $38.28. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The stock has a market capitalization of $863.78 million, a PE ratio of 13.56 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, research analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.15%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 29.09%.

About A-Mark Precious Metals

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.