Gregory N. Roberts Sells 10,000 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $38.68, for a total value of $386,800.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,090,853.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A-Mark Precious Metals Trading Up 1.5 %

AMRK stock opened at $39.23 on Thursday. The business has a fifty day moving average price of $35.54 and a 200 day moving average price of $30.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $42.48. The stock has a market capitalization of $896.41 million, a price-to-earnings ratio of 12.03 and a beta of -0.05.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s payout ratio is presently 24.54%.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale bought a new position in A-Mark Precious Metals in the fourth quarter valued at about $67,000. Quest Partners LLC bought a new position in shares of A-Mark Precious Metals in the 4th quarter valued at about $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $220,000. Quantbot Technologies LP raised its stake in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares during the last quarter. Finally, Raymond James & Associates acquired a new position in A-Mark Precious Metals in the fourth quarter valued at approximately $236,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMRK shares. Northland Capmk downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Maxim Group started coverage on A-Mark Precious Metals in a report on Wednesday. They set a “buy” rating and a $63.00 price objective on the stock. Northland Securities cut A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. B. Riley cut A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Wednesday, May 15th. Finally, DA Davidson lifted their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and an average target price of $46.67.

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.