A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Update

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,700,000 shares, a decrease of 20.9% from the December 31st total of 2,150,000 shares. Based on an average daily volume of 278,800 shares, the short-interest ratio is currently 6.1 days.

A-Mark Precious Metals Price Performance

Shares of NASDAQ AMRK traded down $0.06 during trading on Friday, hitting $28.17. The company had a trading volume of 223,752 shares, compared to its average volume of 162,210. The company has a market cap of $652.98 million, a P/E ratio of 11.99 and a beta of -0.01. 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 business’s 50-day moving average is $27.88 and its 200 day moving average is $34.79. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s dividend payout ratio is 34.04%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. DA Davidson cut their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.33.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in A-Mark Precious Metals by 1,714.4% during the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after buying an additional 1,143,125 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after acquiring an additional 22,087 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in A-Mark Precious Metals by 38.6% in the 4th quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock worth $10,094,000 after purchasing an additional 102,524 shares during the period. Bard Associates Inc. grew its position in A-Mark Precious Metals by 0.4% during the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock worth $4,125,000 after purchasing an additional 396 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in A-Mark Precious Metals by 123.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock valued at $3,014,000 after purchasing an additional 51,460 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.