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

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

Hedge Funds Weigh In On A-Mark Precious Metals

Several large investors have recently modified their holdings of the business. FMR LLC raised its stake in shares of 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 acquiring an additional 1,143,125 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of A-Mark Precious Metals by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 437,464 shares of the company’s stock valued at $11,989,000 after acquiring an additional 5,672 shares during the last quarter. CWA Asset Management Group LLC raised its stake in shares of A-Mark Precious Metals by 38.6% during the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company’s stock valued at $10,094,000 after acquiring an additional 102,524 shares during the last quarter. Jacobs Asset Management LLC raised its stake in shares of A-Mark Precious Metals by 12.7% during the fourth quarter. Jacobs Asset Management LLC now owns 310,000 shares of the company’s stock valued at $8,494,000 after acquiring an additional 35,000 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of A-Mark Precious Metals by 3.8% during the fourth quarter. Wedbush Securities Inc. now owns 275,864 shares of the company’s stock valued at $7,559,000 after acquiring an additional 10,121 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Northland Securities cut 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 report on Friday, February 7th. DA Davidson cut their price target on shares of A-Mark Precious Metals from $43.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.75.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $27.69 on Wednesday. The company has a market cap of $641.85 million, a price-to-earnings ratio of 13.51 and a beta of -0.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $27.53 and a 200 day simple moving average of $34.05. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.55 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%. Research analysts predict that A-Mark Precious Metals will post 3.54 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm 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. This represents a $0.80 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Tuesday, January 14th. A-Mark Precious Metals’s payout ratio is currently 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.