A-Mark Precious Metals (NASDAQ:AMRK) CEO Sells $461,700.00 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory Roberts sold 18,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $25.65, for a total transaction of $461,700.00. Following the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at $723,381.30. This represents a 38.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A-Mark Precious Metals Stock Performance

AMRK traded up $0.28 during trading hours on Tuesday, hitting $25.66. The company’s stock had a trading volume of 242,725 shares, compared to its average volume of 286,904. The company has a 50-day simple moving average of $26.59 and a 200 day simple moving average of $23.70. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $632.44 million, a PE ratio of 91.65 and a beta of 0.34. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $31.07.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Friday, November 7th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. As a group, sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio is 285.71%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. DA Davidson set a $34.00 price objective on A-Mark Precious Metals in a research note on Monday. Zacks Research cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday. Finally, Roth Capital upgraded A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of A-Mark Precious Metals by 15,414.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company’s stock worth $28,000 after acquiring an additional 1,079 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in A-Mark Precious Metals by 118.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock valued at $29,000 after purchasing an additional 711 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in A-Mark Precious Metals in the 3rd quarter worth about $33,000. Jones Financial Companies Lllp purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $33,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of A-Mark Precious Metals by 624.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock worth $48,000 after purchasing an additional 1,847 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.