A-Mark Precious Metals, Inc. (AMRK) To Go Ex-Dividend on July 18th

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) declared a quarterly dividend on Monday, July 8th, Zacks reports. Stockholders of record on Thursday, July 18th will be given a dividend of 0.20 per share on Wednesday, July 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Thursday, July 18th.

A-Mark Precious Metals has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Trading Up 1.1 %

NASDAQ AMRK opened at $33.72 on Wednesday. The stock has a market capitalization of $770.50 million, a P/E ratio of 10.34 and a beta of -0.06. The business has a 50 day simple moving average of $36.31 and a 200 day simple moving average of $32.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.56). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.18 billion. A-Mark Precious Metals had a return on equity of 20.24% and a net margin of 0.77%. Research analysts expect that A-Mark Precious Metals will post 3.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMRK shares. Maxim Group began coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective on the stock. B. Riley downgraded A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Wednesday, May 15th. Northland Securities cut A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. DA Davidson boosted their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, A-Mark Precious Metals has a consensus rating of “Hold” and a consensus target price of $46.67.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 5,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,105,800.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 5,000 shares of A-Mark Precious Metals stock in a transaction on Monday, May 20th. The shares were sold at an average price of $39.21, for a total transaction of $196,050.00. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,105,800.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 10,000 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $38.68, for a total transaction of $386,800.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,090,853.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,948 shares of company stock worth $1,996,353. Insiders own 23.20% 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.