A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the sale, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A-Mark Precious Metals Stock Down 0.9 %
AMRK stock opened at $43.05 on Friday. A-Mark Precious Metals, Inc. has a twelve month low of $23.14 and a twelve month high of $47.39. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $983.91 million, a PE ratio of 13.21 and a beta of -0.05. The business’s 50-day simple moving average is $38.39 and its 200 day simple moving average is $36.05.
A-Mark Precious Metals Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s payout ratio is presently 24.54%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on A-Mark Precious Metals
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Quarry LP increased its holdings in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC acquired a new stake in shares of A-Mark Precious Metals during the 2nd quarter valued at about $45,000. Quest Partners LLC bought a new stake in A-Mark Precious Metals in the fourth quarter valued at about $184,000. Capstone Investment Advisors LLC bought a new stake in A-Mark Precious Metals in the fourth quarter valued at about $220,000. Finally, Quantbot Technologies LP raised its position in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after purchasing an additional 4,895 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.
About A-Mark Precious Metals
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.
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