Insider Selling: A-Mark Precious Metals (NASDAQ:AMRK) CEO Sells 21,000 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory Roberts sold 21,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $25.38, for a total transaction of $532,980.00. Following the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $715,766.76. This represents a 42.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A-Mark Precious Metals Stock Up 2.7%

Shares of AMRK traded up $0.68 during midday trading on Thursday, hitting $26.40. The company had a trading volume of 384,838 shares, compared to its average volume of 289,399. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. A-Mark Precious Metals, Inc. has a 52 week low of $19.39 and a 52 week high of $31.07. The company’s 50 day moving average price is $26.65 and its 200 day moving average price is $23.72. The stock has a market cap of $650.55 million, a price-to-earnings ratio of 94.20 and a beta of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.66). A-Mark Precious Metals had a net margin of 0.06% and a return on equity of 6.25%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Wednesday, November 19th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals’s payout ratio is 285.71%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On A-Mark Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. increased its position in A-Mark Precious Metals by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 1,461,989 shares of the company’s stock valued at $32,427,000 after acquiring an additional 208,300 shares during the period. Vanguard Group Inc. grew its stake in shares of A-Mark Precious Metals by 0.9% in the third quarter. Vanguard Group Inc. now owns 1,184,715 shares of the company’s stock worth $30,649,000 after purchasing an additional 10,820 shares in the last quarter. Invesco Ltd. increased its holdings in shares of A-Mark Precious Metals by 120.5% during the first quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock valued at $13,303,000 after purchasing an additional 286,512 shares during the period. Geode Capital Management LLC raised its stake in shares of A-Mark Precious Metals by 6.3% during the second quarter. Geode Capital Management LLC now owns 462,582 shares of the company’s stock valued at $10,262,000 after purchasing an additional 27,551 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new stake in shares of A-Mark Precious Metals during the first quarter valued at about $8,552,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

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.