Kathleen Taylor-Simpson Sells 25,000 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson sold 25,000 shares of A-Mark Precious Metals stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total value of $1,099,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

A-Mark Precious Metals Price Performance

Shares of NASDAQ AMRK opened at $43.05 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $47.39. The company has a market cap of $983.91 million, a PE ratio of 13.21 and a beta of -0.05. The business has a 50-day simple moving average of $38.39 and a two-hundred day simple moving average of $36.05.

A-Mark Precious Metals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings 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 during the period. Vanguard Group Inc. lifted its holdings in shares of A-Mark Precious Metals by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock worth $31,865,000 after purchasing an additional 6,544 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of A-Mark Precious Metals by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after purchasing an additional 67,452 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of A-Mark Precious Metals by 1.3% during the fourth quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock worth $12,828,000 after purchasing an additional 5,437 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of A-Mark Precious Metals by 34.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock worth $6,172,000 after purchasing an additional 51,531 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

Analyst Ratings Changes

AMRK has been the subject of several recent analyst reports. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Monday, September 16th. DA Davidson raised their price target on 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 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.67.

About A-Mark Precious Metals

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.