A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson Sells 5,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson sold 5,000 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $20.68, for a total value of $103,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $20.40 on Thursday. The stock has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $26.10. A-Mark Precious Metals, Inc. has a 52-week low of $19.39 and a 52-week high of $47.39. The firm has a market capitalization of $502.35 million, a PE ratio of 9.95 and a beta of 0.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.31 and a current ratio of 1.58.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.54). The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. Analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 3.92%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 54.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Northland Securities cut their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. B. Riley dropped their price objective on A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. Finally, DA Davidson decreased their price objective on A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 8th.

Institutional Investors Weigh In On A-Mark Precious Metals

Several large investors have recently bought and sold shares of AMRK. Invenomic Capital Management LP acquired a new position in A-Mark Precious Metals during the first quarter worth $8,552,000. Invesco Ltd. raised its position in shares of A-Mark Precious Metals by 120.5% during the 1st quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock worth $13,303,000 after purchasing an additional 286,512 shares during the last quarter. Nuveen LLC acquired a new position in shares of A-Mark Precious Metals during the 1st quarter worth approximately $6,350,000. Raymond James Financial Inc. grew its stake in A-Mark Precious Metals by 2,692.0% in the 1st quarter. Raymond James Financial Inc. now owns 241,177 shares of the company’s stock worth $6,119,000 after acquiring an additional 232,539 shares during the period. Finally, Pacer Advisors Inc. purchased a new stake in A-Mark Precious Metals in the 1st quarter worth approximately $5,754,000. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Company Profile

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.