Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells $190,080.00 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 4,320 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A-Mark Precious Metals Trading Up 1.4 %

Shares of A-Mark Precious Metals stock opened at $43.54 on Thursday. The company has a 50 day simple moving average of $38.77 and a two-hundred day simple moving average of $36.42. The firm has a market cap of $999.24 million, a PE ratio of 13.36 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 1 year low of $23.14 and a 1 year high of $47.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Analysts expect that A-Mark Precious Metals, Inc. will post 4.29 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.84%. A-Mark Precious Metals’s dividend payout ratio is 24.54%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMRK shares. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday. 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 research note on Thursday, September 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC purchased a new position in A-Mark Precious Metals during the 2nd quarter valued at about $45,000. Quest Partners LLC purchased a new stake in A-Mark Precious Metals in the 4th quarter worth approximately $184,000. Capstone Investment Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the fourth quarter valued at approximately $220,000. Finally, Quantbot Technologies LP lifted its stake 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 worth $228,000 after acquiring an additional 4,895 shares during the period. 75.25% of the stock is currently owned by institutional investors.

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.