A-Mark Precious Metals (NASDAQ:AMRK) Sets New 12-Month High at $47.77

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.77 and last traded at $47.77, with a volume of 1102 shares. The stock had previously closed at $43.43.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com lowered shares of A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Monday. DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. One research 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. Based on data from MarketBeat.com, A-Mark Precious Metals currently has an average rating of "Hold" and an average price target of $47.67.

A-Mark Precious Metals Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The business's fifty day simple moving average is $38.24 and its two-hundred day simple moving average is $35.94. The company has a market cap of $982.54 million, a PE ratio of 14.65 and a beta of -0.05.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a $0.20 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.86%. A-Mark Precious Metals's payout ratio is 24.54%.

Insider Buying and Selling at A-Mark Precious Metals

In other news, Director Jess M. Ravich sold 14,500 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares of the company's stock, valued at $8,702,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael R. Wittmeyer sold 25,841 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the completion of the sale, the director now owns 292,535 shares of the company's stock, valued at approximately $12,973,927.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the sale, the director now directly owns 190,500 shares of the company's stock, valued at approximately $8,702,040. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,021 shares of company stock valued at $4,245,739. Corporate insiders own 23.20% of the company's stock.

Institutional Trading of A-Mark Precious Metals

Large investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its holdings in shares of A-Mark Precious Metals by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company's stock worth $614,000 after acquiring an additional 391 shares during the last quarter. Quarry LP lifted its holdings in shares of A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after acquiring an additional 539 shares during the last quarter. Riverwater Partners LLC lifted its holdings in shares of A-Mark Precious Metals by 10.6% in the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company's stock worth $299,000 after acquiring an additional 881 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of A-Mark Precious Metals by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company's stock worth $1,178,000 after acquiring an additional 1,222 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 75.25% of the company's stock.

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.