A-Mark Precious Metals (NASDAQ:AMRK) CEO Gregory Roberts Sells 10,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory Roberts sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $26.10, for a total value of $261,000.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $736,072.20. This trade represents a 26.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK traded down $0.30 during trading hours on Friday, reaching $25.13. The stock had a trading volume of 219,201 shares, compared to its average volume of 285,697. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $31.07. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.42 and a current ratio of 1.37. The stock has a 50 day simple moving average of $26.55 and a 200 day simple moving average of $23.69. The stock has a market cap of $619.25 million, a P/E ratio of 89.76 and a beta of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. On average, research analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio is currently 285.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of A-Mark Precious Metals in a research report on Tuesday, October 14th. DA Davidson restated a “buy” rating and issued a $29.00 price target on shares of A-Mark Precious Metals in a research report on Wednesday, September 10th. Zacks Research cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP boosted its holdings in shares of A-Mark Precious Metals by 6.6% in the 3rd quarter. Two Sigma Investments LP now owns 87,127 shares of the company’s stock valued at $2,254,000 after buying an additional 5,357 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of A-Mark Precious Metals by 7.3% in the third quarter. Bridgeway Capital Management LLC now owns 176,802 shares of the company’s stock valued at $4,574,000 after purchasing an additional 12,070 shares during the period. Squarepoint Ops LLC grew its stake in A-Mark Precious Metals by 3.8% in the third quarter. Squarepoint Ops LLC now owns 73,589 shares of the company’s stock worth $1,904,000 after purchasing an additional 2,662 shares in the last quarter. Magnetar Financial LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter valued at about $308,000. Finally, Russell Investments Group Ltd. lifted its holdings in A-Mark Precious Metals by 130.2% in the third quarter. Russell Investments Group Ltd. now owns 17,542 shares of the company’s stock worth $454,000 after purchasing an additional 9,923 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.