A-Mark Precious Metals (NASDAQ:AMRK) Shares Gap Down to $27.11
A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $27.11, but opened at $26.00. A-Mark Precious Metals shares last traded at $26.14, with a volume of 133,477 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Friday, November 10th.
Read Our Latest Stock Report on A-Mark Precious Metals
A-Mark Precious Metals Trading Down 4.5 %
The company has a quick ratio of 0.42, a current ratio of 1.84 and a debt-to-equity ratio of 0.46. The firm’s 50 day simple moving average is $28.99 and its two-hundred day simple moving average is $30.96. The stock has a market cap of $600.91 million, a P/E ratio of 4.87 and a beta of 0.01.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last released its earnings results on Tuesday, November 7th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.79). A-Mark Precious Metals had a net margin of 1.31% and a return on equity of 31.77%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities research analysts predict that A-Mark Precious Metals, Inc. will post 6.39 earnings per share for the current fiscal year.
A-Mark Precious Metals Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 12th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 15.12%.
Hedge Funds Weigh In On A-Mark Precious Metals
Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of A-Mark Precious Metals by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after acquiring an additional 67,452 shares during the period. Semanteon Capital Management LP acquired a new position in shares of A-Mark Precious Metals during the fourth quarter valued at $563,000. Yacktman Asset Management LP boosted its holdings in shares of A-Mark Precious Metals by 21.6% during the fourth quarter. Yacktman Asset Management LP now owns 45,000 shares of the company’s stock valued at $1,361,000 after acquiring an additional 8,000 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of A-Mark Precious Metals by 49.2% during the fourth quarter. New York State Common Retirement Fund now owns 10,368 shares of the company’s stock valued at $314,000 after acquiring an additional 3,417 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in A-Mark Precious Metals by 52.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,577 shares of the company’s stock worth $4,525,000 after purchasing an additional 51,358 shares during the period. Institutional investors and hedge funds own 54.84% 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.
Further Reading
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