A-Mark Precious Metals, Inc. (NASDAQ:AMRK) COO Brian Aquilino Sells 60,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) COO Brian Aquilino sold 60,000 shares of A-Mark Precious Metals stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $34.57, for a total value of $2,074,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

A-Mark Precious Metals Trading Down 1.7 %

AMRK stock opened at $33.82 on Friday. A-Mark Precious Metals, Inc. has a 1-year low of $23.71 and a 1-year high of $42.11. The firm has a market cap of $789.36 million, a PE ratio of 5.33 and a beta of 0.02. The stock has a 50-day moving average price of $37.33 and a 200-day moving average price of $35.58.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 6th. A-Mark Precious Metals’s payout ratio is 12.60%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson lifted their target price on A-Mark Precious Metals from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, September 1st. StockNews.com began coverage on A-Mark Precious Metals in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. Nisa Investment Advisors LLC increased its position in A-Mark Precious Metals by 125.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,078 shares of the company’s stock valued at $37,000 after buying an additional 600 shares in the last quarter. Quarry LP bought a new stake in A-Mark Precious Metals during the 2nd quarter worth approximately $37,000. Tower Research Capital LLC TRC increased its holdings in A-Mark Precious Metals by 836.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after purchasing an additional 2,017 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in A-Mark Precious Metals during the 2nd quarter worth approximately $68,000. Finally, AXS Investments LLC bought a new stake in A-Mark Precious Metals during the 4th quarter worth approximately $75,000. 54.84% of the stock is owned by institutional investors.

About A-Mark Precious Metals

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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.