A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells $196,050.00 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $39.21, for a total transaction of $196,050.00. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,105,800.42. The transaction was disclosed in a filing with the SEC, which is available through this link.

A-Mark Precious Metals Trading Down 2.2 %

NASDAQ:AMRK opened at $38.38 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The firm has a market cap of $877.17 million, a price-to-earnings ratio of 11.77 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $42.48. The firm has a 50-day moving average price of $35.97 and a two-hundred day moving average price of $30.67.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 annualized dividend and a yield of 2.08%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after acquiring an additional 150,343 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of A-Mark Precious Metals by 48.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company’s stock valued at $11,286,000 after acquiring an additional 126,385 shares during the period. LSV Asset Management grew its position in shares of A-Mark Precious Metals by 136.6% during the 3rd quarter. LSV Asset Management now owns 192,105 shares of the company’s stock valued at $5,634,000 after acquiring an additional 110,905 shares during the period. Dimensional Fund Advisors LP grew its position in shares of A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after acquiring an additional 106,842 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of A-Mark Precious Metals by 1,515.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock valued at $2,881,000 after acquiring an additional 92,139 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

AMRK has been the topic of a number of research analyst reports. Northland Securities cut shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Northland Capmk lowered shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Wednesday, May 15th. Finally, Maxim Group started coverage on shares of A-Mark Precious Metals in a report on Wednesday. They issued a “buy” rating and a $63.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.67.

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.