A-Mark Precious Metals Inc (NASDAQ:AMRK) – Investment analysts at B. Riley lifted their FY2019 earnings per share (EPS) estimates for shares of A-Mark Precious Metals in a report issued on Friday. B. Riley analyst S. Sherbetchyan now expects that the company will earn $1.40 per share for the year, up from their prior forecast of $1.34. B. Riley currently has a “Neutral” rating and a $17.00 target price on the stock.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.49 billion. A-Mark Precious Metals had a net margin of 0.04% and a return on equity of 4.06%.
Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded down $0.01 on Monday, hitting $11.02. 15,100 shares of the stock were exchanged, compared to its average volume of 17,698. The stock has a market capitalization of $77.56, a price-to-earnings ratio of 26.90 and a beta of -0.09. The company has a quick ratio of 0.39, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. A-Mark Precious Metals has a 12-month low of $10.39 and a 12-month high of $21.50.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.32 dividend on an annualized basis and a yield of 2.90%. A-Mark Precious Metals’s dividend payout ratio is presently 86.49%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in A-Mark Precious Metals by 1,110,000.0% during the second quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock valued at $182,000 after purchasing an additional 11,100 shares during the period. Northern Trust Corp lifted its position in A-Mark Precious Metals by 5.9% during the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock valued at $564,000 after purchasing an additional 1,902 shares during the period. Wedbush Securities Inc. lifted its position in A-Mark Precious Metals by 51.0% during the fourth quarter. Wedbush Securities Inc. now owns 38,746 shares of the company’s stock valued at $568,000 after purchasing an additional 13,080 shares during the period. Cove Street Capital LLC lifted its position in A-Mark Precious Metals by 23.7% during the fourth quarter. Cove Street Capital LLC now owns 80,000 shares of the company’s stock valued at $1,172,000 after purchasing an additional 15,310 shares during the period. Finally, Shufro Rose & Co. LLC lifted its position in A-Mark Precious Metals by 2.7% during the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock valued at $3,658,000 after purchasing an additional 5,800 shares during the period. Institutional investors own 19.88% of the company’s stock.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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