Gregory N. Roberts Sells 1,000 Shares of A-Mark Precious Metals Inc. (AMRK) Stock
A-Mark Precious Metals Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $16.44, for a total transaction of $16,440.00. Following the sale, the chief executive officer now directly owns 62,356 shares of the company’s stock, valued at $1,025,132.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
A-Mark Precious Metals Inc. (NASDAQ:AMRK) traded up 0.49% during trading on Friday, hitting $16.28. 3,507 shares of the stock were exchanged. A-Mark Precious Metals Inc. has a 52 week low of $14.02 and a 52 week high of $22.07. The stock has a market capitalization of $114.46 million, a price-to-earnings ratio of 21.01 and a beta of 0.07. The firm has a 50-day moving average of $15.78 and a 200-day moving average of $16.52.
A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Monday, November 7th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.24. A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 8.63%. Equities research analysts anticipate that A-Mark Precious Metals Inc. will post $1.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. A-Mark Precious Metals’s dividend payout ratio is currently 35.90%.
Institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC increased its position in A-Mark Precious Metals by 2,585.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,982 shares of the company’s stock valued at $113,000 after buying an additional 6,722 shares in the last quarter. Cannell Capital LLC bought a new position in A-Mark Precious Metals during the second quarter valued at approximately $121,000. JPMorgan Chase & Co. increased its position in A-Mark Precious Metals by 656.3% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $155,000 after buying an additional 8,302 shares in the last quarter. Spark Investment Management LLC increased its position in A-Mark Precious Metals by 33.3% in the second quarter. Spark Investment Management LLC now owns 17,600 shares of the company’s stock valued at $284,000 after buying an additional 4,400 shares in the last quarter. Finally, Northern Trust Corp increased its position in A-Mark Precious Metals by 3.9% in the third quarter. Northern Trust Corp now owns 25,066 shares of the company’s stock valued at $403,000 after buying an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 20.71% of the company’s stock.
A number of analysts have weighed in on AMRK shares. Zacks Investment Research raised shares of A-Mark Precious Metals from a “strong sell” rating to a “hold” rating in a report on Thursday, November 10th. B. Riley reissued a “neutral” rating and issued a $17.50 price target on shares of A-Mark Precious Metals in a report on Sunday, November 13th. Finally, TheStreet downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $20.83.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.
Receive News & Stock Ratings for A-Mark Precious Metals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals Inc. and related stocks with our FREE daily email newsletter.