Short Interest in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Declines By 8.2%

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a decline of 8.2% from the January 15th total of 1,710,000 shares. Based on an average trading volume of 300,400 shares, the days-to-cover ratio is currently 5.2 days.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in AMRK. Hobbs Group Advisors LLC purchased a new position in A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Coppell Advisory Solutions LLC lifted its holdings in A-Mark Precious Metals by 72.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company’s stock valued at $53,000 after purchasing an additional 806 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company’s stock worth $62,000 after acquiring an additional 1,840 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of A-Mark Precious Metals during the 3rd quarter worth about $88,000. Finally, nVerses Capital LLC lifted its holdings in shares of A-Mark Precious Metals by 157.1% during the 3rd quarter. nVerses Capital LLC now owns 3,600 shares of the company’s stock worth $159,000 after acquiring an additional 2,200 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. DA Davidson reduced their price objective on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Northland Securities reduced 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 report on Friday, February 7th. Finally, StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.75.

A-Mark Precious Metals Stock Performance

Shares of AMRK opened at $27.58 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The stock has a market capitalization of $639.30 million, a P/E ratio of 13.45 and a beta of -0.02. The company’s fifty day moving average is $27.53 and its two-hundred day moving average is $34.05. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.39%. On average, sell-side analysts predict that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 39.02%.

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.