A-Mark Precious Metals said on April 6, 2023 that its board of directors declared a regular
quarterly dividend of $0.20 per share ($0.80 annualized).
Previously, the company paid $0.20 per share.
Shares must be purchased before the ex-div date of April 14, 2023 to qualify for the dividend.
Shareholders of record as of April 17, 2023
will receive the payment on April 28, 2023.
At the current share price of $35.78 / share,
the stock’s dividend yield is 2.24%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.50%,
the lowest has been 0.93%,
and the highest has been 3.64%.
The standard deviation of yields is 0.73 (n=92).
The current dividend yield is
0.37 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.12.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can
do it easily with Fintel’s Dividend Capture Calendar.
What is the Fund Sentiment?
There are 325 funds or institutions reporting positions in A-Mark Precious Metals.
This is an increase
of
10
owner(s) or 3.17% in the last quarter.
Average portfolio weight of all funds dedicated to AMRK is 0.14%,
a decrease
of 11.35%.
Total shares owned by institutions increased
in the last three months by 1.24% to 13,569K shares.
The put/call ratio of AMRK is 0.11, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 48.24% Upside
As of April 6, 2023,
the average one-year price target for A-Mark Precious Metals is $53.04.
The forecasts range from a low of $45.45 to a high of $59.85.
The average price target represents an increase of 48.24% from its latest reported closing price of $35.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for A-Mark Precious Metals
is $8,392MM, an increase of 4.26%.
The projected annual non-GAAP EPS
is $6.02.
What are Other Shareholders Doing?
TIAA SEPARATE ACCOUNT VA 1 – Stock Index Account Teachers Personal Annuity Individual Deferred Variable Annuity
holds 0K shares
representing 0.00% ownership of the company.
No change in the last quarter.
FCFMX – Fidelity Series Total Market Index Fund
holds 20K shares
representing 0.08% ownership of the company.
In it’s prior filing, the firm reported owning 20K shares, representing
an increase
of 2.22%.
The firm
increased
its portfolio allocation in AMRK by 9.91% over the last quarter.
GMSMX – GuideMark Small
holds 3K shares
representing 0.01% ownership of the company.
No change in the last quarter.
Simplex Trading
holds 7K shares
representing 0.03% ownership of the company.
Ameriprise Financial
holds 185K shares
representing 0.79% ownership of the company.
In it’s prior filing, the firm reported owning 200K shares, representing
a decrease
of 8.08%.
The firm
increased
its portfolio allocation in AMRK by 6.43% over the last quarter.
A-Mark Precious Metals Background Information
(This description is provided by the company.)
Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a leading full-service precious metals trading company and wholesaler of gold, silver, platinum and palladium bullion and related products. The company’s global customer base includes sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, and e-commerce and other retail customers. The company conducts its operations through three complementary segments: Wholesale Trading & Ancillary Services, Secured Lending, and Direct Sales.
A-Mark operates several business units in its Wholesale Trading & Ancillary Services segment, including Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and the Mint (as more fully described below). Its Industrial unit services manufacturers and fabricators of products utilizing precious metals, while its Coin and Bar unit deals in over 200 different products for distribution to dealers and other qualified purchasers. As a U.S. Mint-authorized purchaser of gold, silver and platinum coins, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has distributorships with other sovereign mints, including Australia, Austria, Canada, China, Mexico, South Africa and the United Kingdom. Through its Transcontinental Depository Services subsidiary, A-Mark provides customers with a variety of managed storage options for precious metals worldwide. Through its A-M Global Logistics subsidiary, A-Mark provides customers an array of complementary services, including receiving, handling, inventorying, processing, packaging and shipping of precious metals and custom coins on a secure basis. A-Mark also holds a majority stake in a joint venture that owns the minting operations known as SilverTowne Mint (Mint), which designs and produces minted silver products which provide greater product selection to customers, price stability within the supply chain as well as more secured access to silver during volatile market environments.
The company operates its Secured Lending segment through its wholly-owned subsidiaries, Collateral Finance Corporation (CFC) and AM Capital Funding, LLC (AMCF). Founded in 2005, CFC is a licensed finance lender that originates and acquires loans secured by bullion and numismatic coins. Its customers include coin and precious metal dealers, investors, and collectors. AMCF was formed in 2018 for the purpose of securitizing eligible secured loans of CFC.
A-Mark operates its Direct Sales segment primarily through its wholly-owned subsidiary Goldline Inc. (Goldline), a direct retailer of precious metals for the investor community. Goldline markets A-Mark’s precious metal products through various channels, including radio, television, and the Internet.
A-Mark is headquartered in El Segundo, California, with offices and facilities in Los Angeles, California, Vienna, Austria, Las Vegas, Nevada, and Winchester, Indiana.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
