A-Mark Precious Metals (NASDAQ:AMRK) Sets New 1-Year High at $45.37

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.37 and last traded at $45.07, with a volume of 46596 shares traded. The stock had previously closed at $44.13.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMRK shares. Maxim Group started coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price target on the stock. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Friday, August 30th. Finally, DA Davidson increased their price target on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, A-Mark Precious Metals currently has an average rating of “Hold” and an average price target of $47.67.

A-Mark Precious Metals Price Performance

The company has a market cap of $1.07 billion, a price-to-earnings ratio of 14.39 and a beta of -0.05. The company has a fifty day simple moving average of $37.47 and a two-hundred day simple moving average of $35.44. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.71%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 24.54%.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. Quarry LP increased its stake in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. nVerses Capital LLC purchased a new position in A-Mark Precious Metals during the second quarter worth $45,000. Quest Partners LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $184,000. Capstone Investment Advisors LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $220,000. Finally, Quantbot Technologies LP lifted its position in shares of A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.