A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Beverley Lepine Sells 1,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Beverley Lepine sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $34.46, for a total transaction of $34,460.00. Following the completion of the sale, the director now owns 8,803 shares in the company, valued at $303,351.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

A-Mark Precious Metals Price Performance

Shares of NASDAQ:AMRK opened at $33.82 on Friday. The firm has a market capitalization of $789.36 million, a PE ratio of 5.33 and a beta of 0.02. The firm’s 50-day moving average is $37.33 and its two-hundred day moving average is $35.58. A-Mark Precious Metals, Inc. has a 1 year low of $23.71 and a 1 year high of $42.11.

A-Mark Precious Metals Dividend Announcement

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 paid a dividend of $0.20 per share. The ex-dividend date is Friday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.37%. A-Mark Precious Metals’s payout ratio is 12.60%.

Analysts Set New Price Targets

Several analysts recently issued reports on AMRK shares. StockNews.com started coverage on shares of A-Mark Precious Metals in a report on Thursday, August 17th. They issued a “hold” rating on the stock. DA Davidson boosted their price objective on shares of A-Mark Precious Metals from $57.00 to $66.00 and gave the company a “buy” rating in a report on Friday, September 1st.

Institutional Trading of A-Mark Precious Metals

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in A-Mark Precious Metals by 125.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,078 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares in the last quarter. Quarry LP acquired a new position in A-Mark Precious Metals in the second quarter valued at approximately $37,000. Tower Research Capital LLC TRC boosted its holdings in A-Mark Precious Metals by 836.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock valued at $64,000 after purchasing an additional 2,017 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in A-Mark Precious Metals in the second quarter valued at approximately $68,000. Finally, AXS Investments LLC acquired a new position in A-Mark Precious Metals in the fourth quarter valued at approximately $75,000. 54.84% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Company Profile

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.