Gregory Roberts Sells 10,000 Shares of A-Mark Precious Metals (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory Roberts sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $26.10, for a total transaction of $261,000.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares in the company, valued at $736,072.20. This represents a 26.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A-Mark Precious Metals Stock Down 1.2%

AMRK stock traded down $0.30 during mid-day trading on Friday, hitting $25.13. 219,201 shares of the company were exchanged, compared to its average volume of 285,697. The company has a current ratio of 1.37, a quick ratio of 0.42 and a debt-to-equity ratio of 0.42. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $31.07. The firm has a fifty day simple moving average of $26.55 and a 200 day simple moving average of $23.69. The company has a market capitalization of $619.25 million, a PE ratio of 89.76 and a beta of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Friday, November 7th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. On average, research analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 285.71%.

Institutional Investors Weigh In On A-Mark Precious Metals

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMRK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of A-Mark Precious Metals in a research note on Tuesday, October 14th. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. DA Davidson restated a “buy” rating and set a $29.00 price objective on shares of A-Mark Precious Metals in a report on Wednesday, September 10th. Finally, Zacks Research downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

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.