A-Mark Precious Metals (NASDAQ:AMRK) PT Raised to $44.00 at DA Davidson

A-Mark Precious Metals (NASDAQ:AMRK) had its target price lifted by DA Davidson from $42.00 to $44.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

AMRK has been the topic of several other reports. StockNews.com cut shares of A-Mark Precious Metals from a hold rating to a sell rating in a research report on Thursday, April 4th. B. Riley decreased their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a buy rating on the stock in a research report on Wednesday, February 21st.

A-Mark Precious Metals Trading Up 5.4 %

Shares of AMRK opened at $39.79 on Wednesday. The business’s 50-day moving average price is $28.10 and its 200-day moving average price is $28.38. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.11. The stock has a market cap of $909.20 million, a PE ratio of 8.82 and a beta of 0.02. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. On average, equities analysts forecast that A-Mark Precious Metals will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals’s payout ratio is currently 17.74%.

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total transaction of $583,300.98. Following the transaction, the director now directly owns 453,283 shares in the company, valued at $11,812,554.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the sale, the director now owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the sale, the director now directly owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The disclosure for this sale can be found here. Insiders have sold 53,637 shares of company stock worth $1,396,360 over the last ninety days. Insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRK. FMR LLC lifted its stake in A-Mark Precious Metals by 67.9% in the third quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after acquiring an additional 464 shares during the period. Quarry LP purchased a new stake in A-Mark Precious Metals in the second quarter worth $37,000. Tower Research Capital LLC TRC lifted its stake in A-Mark Precious Metals by 836.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after acquiring an additional 2,017 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in A-Mark Precious Metals in the fourth quarter worth $67,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in A-Mark Precious Metals in the second quarter worth $68,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.