Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells 7,680 Shares of Stock

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

A-Mark Precious Metals Trading Up 0.1 %

NASDAQ:AMRK traded up $0.03 on Friday, reaching $43.46. The company’s stock had a trading volume of 264,522 shares, compared to its average volume of 372,158. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-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 firm has a market cap of $993.28 million, a price-to-earnings ratio of 14.65 and a beta of -0.05. The stock has a 50 day moving average price of $38.24 and a 200 day moving average price of $35.94.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were given a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in A-Mark Precious Metals by 99.6% in the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock valued at $1,047,000 after purchasing an additional 17,023 shares during the period. GSA Capital Partners LLP purchased a new stake in A-Mark Precious Metals in the first quarter valued at $712,000. Campbell & CO Investment Adviser LLC purchased a new stake in A-Mark Precious Metals in the fourth quarter valued at $714,000. Koss Olinger Consulting LLC purchased a new stake in A-Mark Precious Metals in the second quarter valued at $535,000. Finally, Dimensional Fund Advisors LP raised its position in A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after purchasing an additional 106,842 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMRK shares. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday. DA Davidson lifted their price objective on A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.