A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells $338,150.40 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 7,680 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.03, for a total value of $338,150.40. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,241,734.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

A-Mark Precious Metals Trading Down 0.9 %

AMRK opened at $43.05 on Monday. The business has a 50 day simple moving average of $38.39 and a two-hundred day simple moving average of $36.17. A-Mark Precious Metals, Inc. has a one year low of $23.14 and a one year high of $47.39. The firm has a market capitalization of $983.91 million, a price-to-earnings ratio of 13.21 and a beta of -0.05. 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 (NASDAQ:AMRK) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.72% and a net margin of 0.68%. Analysts predict that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.86%. A-Mark Precious Metals’s payout ratio is 24.54%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMRK. DA Davidson boosted their price objective on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in A-Mark Precious Metals by 99.6% in the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after purchasing an additional 17,023 shares during the period. GSA Capital Partners LLP bought a new stake in shares of A-Mark Precious Metals in the 1st quarter worth approximately $712,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter worth approximately $714,000. Koss Olinger Consulting LLC bought a new position in A-Mark Precious Metals during the 2nd quarter valued at approximately $535,000. Finally, Dimensional Fund Advisors LP increased its position in A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after buying an additional 106,842 shares in the last quarter. Institutional investors 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.