The stock is down by 7.7051% since yesterday’s close of 18.82 and has one of the biggest price drops of the day. More than 41,924 shares have changed hands.
The stock last traded at $17.37 just a bit higher than the 50 day moving average of $16.74 and barely above the 200 day moving average of $16.78. The 50 day moving average went up by +3.7337% and the 200 day average moved up $0.59.
Investors are a little more bearish on A-Mark Precious Metals, Inc. of late looking at the change in short interest. The stock realized a rise in short interest of 20.10% as of the latest report on August 15, 2017. Short shares grew from 27,029 to 32,463 over that period. The days to cover decreased to 2.0 and the short interest percentage is 0.00% as of August 15.
There has been some selling insider activity on A-Mark Precious Metals, Inc. (NASDAQ:AMRK) recently. CEO Gregory N. Roberts let go of 3,300 shares at a price of $17.12 on August 17th. The CEO now owns $519,695 of the stock as recorded in a recent Form 4 SEC filing. CEO Gregory N. Roberts disclosed the sale of 1,300 shares. The shares were purchased at an average price of $15.60. The CEO now owns $576,514 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end William Blair Investment Management, LLC had bought 18,585 shares growing its stake by 10.5%. The value of the total investment in A-Mark Precious Metals, Inc. went from $3,036,000 to $3,217,000 a change of $181,000 since the last quarter. As of the end of the quarter Ubs Group Ag had acquired a total of 1,918 shares growing its holdings by 559.2%. The value of the investment in A-Mark Precious Metals, Inc. increased from $6,000 to $37,000 a change of 516.7% quarter over quarter.
As of quarter end Cove Street Capital, LLC had bought a total of 2,390 shares growing its position 3.9%. The value of the investment in AMRK went from $1,059,000 to $1,055,000 decreasing 0.4% quarter to quarter. As of the end of the quarter Tower Research Capital LLC (trc) had acquired 782 shares growing its holdings by 64.3%. The value in dollars increased from $21,000 to $33,000 increasing 57.1% for the reporting period.
A-Mark Precious Metals, Inc. recently declared a dividend to be paid on Wednesday September 27th, 2017. The dividend will be $0.080 per share for the quarter or $0.32 on an annualized basis. This dividend amount will represent a yeild of $1.79. The ex-dividend date is set for Thursday the 11th of May 2017.
The company’s P/E ratio is 17.8887 and the market cap of the company is 122.13M. In the latest earnings report the EPS was $0.97 and is expected to be $1.33 for the current year with 7,031,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.39 and the next full year EPS is projected to be $1.33.
A-Mark Precious Metals, Inc., launched on December 19, 2013, 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 secure 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. It operates through various business units for accounting purposes, including Industrial, Coin and Bar, Trading, Finance, Collateral Finance Corporation (CFC), Transcontinental Depository Services (TDS) and Logistics. It is a distributor of gold and silver coins for all of the sovereign mints and various private mints. The sovereign mints include the United States Mint, the Australian (Perth) Mint, the Austrian Mint, the Royal Canadian Mint, the China Mint, Banco de Mexico, the South African Mint (Rand Refinery) and the Royal Mint (the United Kingdom)..