Gregory Roberts Sells 18,000 Shares of A-Mark Precious Metals (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory Roberts sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $25.65, for a total transaction of $461,700.00. Following the transaction, the chief executive officer owned 28,202 shares in the company, valued at $723,381.30. The trade was a 38.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

A-Mark Precious Metals Trading Up 0.4%

AMRK stock opened at $25.72 on Thursday. The business has a fifty day moving average of $26.65 and a 200-day moving average of $23.72. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The company has a market cap of $633.74 million, a P/E ratio of 91.86 and a beta of 0.34. A-Mark Precious Metals, Inc. has a twelve month low of $19.39 and a twelve month high of $31.07.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Friday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). A-Mark Precious Metals had a net margin of 0.06% and a return on equity of 6.25%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders 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 3.1%. The ex-dividend date of this dividend is Wednesday, November 19th. A-Mark Precious Metals’s payout ratio is currently 285.71%.

Institutional Trading of A-Mark Precious Metals

Several hedge funds have recently bought and sold shares of AMRK. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of A-Mark Precious Metals by 15,414.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company’s stock valued at $28,000 after buying an additional 1,079 shares during the period. Jones Financial Companies Lllp bought a new stake in A-Mark Precious Metals in the 3rd quarter valued at $33,000. State of Alaska Department of Revenue acquired a new position in A-Mark Precious Metals in the 3rd quarter worth $33,000. PNC Financial Services Group Inc. increased its holdings in A-Mark Precious Metals by 118.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock worth $29,000 after purchasing an additional 711 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in A-Mark Precious Metals by 624.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock worth $48,000 after purchasing an additional 1,847 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. DA Davidson set a $34.00 target price on A-Mark Precious Metals in a report on Monday. Roth Capital raised A-Mark Precious Metals to a “strong-buy” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of A-Mark Precious Metals in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

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.