Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Sells 14,500 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now directly owns 190,500 shares of the company’s stock, valued at $8,702,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A-Mark Precious Metals Stock Down 0.9 %

Shares of NASDAQ:AMRK opened at $43.05 on Friday. 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 firm has a market cap of $983.91 million, a P/E ratio of 13.21 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $47.39. The company’s 50-day moving average price is $38.39 and its two-hundred day moving average price is $36.05.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 1.86%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 24.54%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quarry LP boosted its position 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 last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals during the 2nd quarter valued at about $45,000. Quest Partners LLC bought a new position in shares of A-Mark Precious Metals in the 4th quarter valued at about $184,000. Capstone Investment Advisors LLC bought a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $220,000. Finally, Quantbot Technologies LP lifted its holdings 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 valued at $228,000 after buying an additional 4,895 shares during the period. Institutional investors own 75.25% of the company’s stock.

Analysts Set New Price Targets

AMRK has been the subject of a number of recent analyst reports. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. DA Davidson raised their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average price target 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.