Shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $19.77.

Several research firms recently weighed in on AMRK. B. Riley reiterated a “neutral” rating and set a $19.00 target price on shares of A-Mark Precious Metals in a research report on Monday, September 18th. Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, lowered their price objective on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th.

In other news, CEO Gregory N. Roberts sold 3,300 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $16.37, for a total value of $54,021.00. Following the transaction, the chief executive officer now directly owns 26,056 shares in the company, valued at $426,536.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 6,656 shares of company stock worth $105,093 over the last 90 days. Company insiders own 38.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of A-Mark Precious Metals by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock worth $4,789,000 after purchasing an additional 20,349 shares during the last quarter. Shufro Rose & Co. LLC increased its holdings in shares of A-Mark Precious Metals by 2.7% in the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock worth $3,658,000 after purchasing an additional 5,800 shares during the last quarter. Cove Street Capital LLC increased its holdings in shares of A-Mark Precious Metals by 3.9% in the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after purchasing an additional 2,390 shares during the last quarter. Northern Trust Corp increased its holdings in shares of A-Mark Precious Metals by 5.9% in the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of A-Mark Precious Metals by 1,110,000.0% in the second quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock worth $182,000 after purchasing an additional 11,100 shares during the last quarter. 19.66% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals (NASDAQ:AMRK) opened at $14.32 on Thursday. The firm has a market capitalization of $101.64, a price-to-earnings ratio of 15.40 and a beta of 0.02. The company has a current ratio of 1.11, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. A-Mark Precious Metals has a 52-week low of $12.51 and a 52-week high of $21.66.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Friday, November 24th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.32 annualized dividend and a dividend yield of 2.23%. A-Mark Precious Metals’s payout ratio is 34.41%.

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About A-Mark Precious Metals

A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.

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