A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Declares $0.20 Quarterly Dividend

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Tuesday, September 24th, Zacks reports. Investors of record on Tuesday, October 8th will be given a dividend of 0.20 per share on Tuesday, October 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, October 8th.

A-Mark Precious Metals has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Price Performance

AMRK opened at $42.88 on Wednesday. The firm has a market capitalization of $984.10 million, a PE ratio of 13.17 and a beta of -0.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The business’s 50-day moving average is $38.63 and its two-hundred day moving average is $36.37. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted 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 13.28%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Research analysts anticipate that A-Mark Precious Metals will post 4.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMRK shares. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.67.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now directly owns 190,500 shares in the company, valued at $8,702,040. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the 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 completion of the transaction, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,316 shares of company stock valued at $4,911,036. 23.20% of the stock is owned by insiders.

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.