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

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 1,700,000 shares, a drop 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.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of A-Mark Precious Metals by 2.1% during the fourth quarter. Rhumbline Advisers now owns 29,814 shares of the company’s stock worth $817,000 after purchasing an additional 621 shares during the period. Empowered Funds LLC grew its position in shares of A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company’s stock valued at $483,000 after buying an additional 782 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in A-Mark Precious Metals during the fourth quarter worth about $307,000. SG Americas Securities LLC lifted its holdings in A-Mark Precious Metals by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 7,511 shares of the company’s stock worth $206,000 after acquiring an additional 949 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its stake in A-Mark Precious Metals by 38.6% in 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 period. 75.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMRK has been the topic of several recent analyst reports. StockNews.com upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. DA Davidson cut their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, A-Mark Precious Metals presently has an average rating of “Hold” and a consensus price target of $46.33.

A-Mark Precious Metals Stock Down 0.2 %

A-Mark Precious Metals stock traded down $0.06 during midday trading on Friday, hitting $28.17. The stock had a trading volume of 223,752 shares, compared to its average volume of 162,210. The business has a fifty day moving average price of $27.88 and a 200 day moving average price of $34.79. A-Mark Precious Metals has a 12 month low of $24.22 and a 12 month high of $47.39. The stock 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 current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th were given 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 currently 34.04%.

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.