A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Short Interest Down 20.9% in December

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,700,000 shares, a decrease of 20.9% from the December 15th total of 2,150,000 shares. Based on an average trading volume of 278,800 shares, the days-to-cover ratio is currently 6.1 days.

Analysts Set New Price Targets

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

Institutional Trading of A-Mark Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of A-Mark Precious Metals by 1,714.4% in the 3rd 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 period. Geode Capital Management LLC lifted its stake in A-Mark Precious Metals by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after purchasing an additional 22,087 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in 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 worth $10,094,000 after purchasing an additional 102,524 shares during the period. Driehaus Capital Management LLC acquired a new position in A-Mark Precious Metals during the second quarter worth approximately $5,702,000. Finally, Bard Associates Inc. raised its stake in A-Mark Precious Metals by 0.4% in the third quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock valued at $4,125,000 after buying an additional 396 shares during the period. 75.25% of the stock is owned by institutional investors.

A-Mark Precious Metals Stock Up 0.5 %

AMRK stock opened at $27.92 on Thursday. The company has a market cap of $647.30 million, a price-to-earnings ratio of 11.88 and a beta of -0.01. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The business has a 50 day moving average price of $28.56 and a two-hundred day moving average price of $35.35. The company has a quick ratio of 0.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Investors of record on Tuesday, January 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.87%. A-Mark Precious Metals’s dividend payout ratio is presently 34.04%.

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.