Gregory N. Roberts Sells 7,680 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 7,680 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.03, for a total transaction of $338,150.40. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,241,734.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A-Mark Precious Metals Trading Down 0.9 %

Shares of AMRK stock opened at $43.05 on Monday. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The stock has a market capitalization of $983.91 million, a P/E ratio of 13.21 and a beta of -0.05. The firm’s 50 day moving average is $38.39 and its 200 day moving average is $36.17.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.72%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. Research analysts expect that A-Mark Precious Metals, Inc. will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

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

Institutional Investors Weigh In On A-Mark Precious Metals

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in A-Mark Precious Metals by 94.1% during the second 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 bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter valued at $45,000. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals in the 4th quarter worth $184,000. Capstone Investment Advisors LLC bought a new position in A-Mark Precious Metals in the 4th quarter worth $220,000. Finally, Quantbot Technologies LP lifted its position in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after purchasing an additional 4,895 shares in the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AMRK. DA Davidson increased their target price on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.67.

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.