A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts Sells 22,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A-Mark Precious Metals Trading Down 0.8 %

Shares of NASDAQ:AMRK opened at $44.43 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.02 billion, a PE ratio of 13.63 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 business’s fifty day simple moving average is $37.91 and its 200-day simple moving average is $35.84.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were paid a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.80%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 24.54%.

Institutional Trading of A-Mark Precious Metals

Several hedge funds have recently modified their holdings of AMRK. Charles Schwab Investment Management Inc. raised its stake in shares of A-Mark Precious Metals by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after acquiring an additional 67,452 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of A-Mark Precious Metals by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after purchasing an additional 106,842 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $184,000. Aigen Investment Management LP acquired a new stake in shares of A-Mark Precious Metals in the 4th quarter worth $574,000. Finally, Capstone Investment Advisors LLC purchased a new position in A-Mark Precious Metals during the 4th quarter worth $220,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on AMRK shares. Maxim Group assumed coverage on A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 price objective on the stock. DA Davidson lifted their price objective on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.