A-Mark Precious Metals Inc Announces Quarterly Dividend of $0.08 (AMRK)

A-Mark Precious Metals Inc (NASDAQ:AMRK) announced a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Tuesday, February 13th will be paid a dividend of 0.08 per share on Tuesday, February 27th. This represents a $0.32 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Monday, February 12th.

Shares of A-Mark Precious Metals (NASDAQ:AMRK) traded down $0.26 during midday trading on Monday, reaching $12.95. 37,784 shares of the company’s stock traded hands, compared to its average volume of 14,208. The company has a current ratio of 1.11, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $91.06, a P/E ratio of 13.92 and a beta of -0.10. A-Mark Precious Metals has a twelve month low of $12.51 and a twelve month high of $21.66.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Tuesday, November 14th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.16). A-Mark Precious Metals had a return on equity of 7.75% and a net margin of 0.08%. research analysts predict that A-Mark Precious Metals will post 0.43 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in A-Mark Precious Metals stock. Northern Trust Corp lifted its stake in shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,386 shares of the company’s stock after acquiring an additional 1,902 shares during the quarter. Northern Trust Corp owned approximately 0.49% of A-Mark Precious Metals worth $564,000 at the end of the most recent reporting period. Institutional investors own 19.66% of the company’s stock.

AMRK has been the topic of a number of research reports. Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. B. Riley reaffirmed a “hold” rating and set a $19.00 target price on shares of A-Mark Precious Metals in a research report on Monday, November 13th. reduced their target price on shares of A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Finally, ValuEngine lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.77.

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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.

Dividend History for A-Mark Precious Metals (NASDAQ:AMRK)

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