A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CEO Gregory N. Roberts sold 7,680 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.03, for a total value of $338,150.40. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company's stock, valued at $1,241,734.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A-Mark Precious Metals Stock Performance
A-Mark Precious Metals stock traded up $0.03 during midday trading on Friday, hitting $43.46. 264,522 shares of the company were exchanged, compared to its average volume of 372,158. The firm has a market capitalization of $993.28 million, a PE ratio of 14.65 and a beta of -0.05. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $47.39. The business has a fifty day simple moving average of $38.24 and a two-hundred day simple moving average of $35.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76.
A-Mark Precious Metals Announces Dividend
The firm 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. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals's payout ratio is currently 24.54%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. DA Davidson raised their price objective on 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. StockNews.com lowered A-Mark Precious Metals from a "hold" rating to a "sell" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $47.67.
Read Our Latest Research Report on A-Mark Precious Metals
Institutional Trading of A-Mark Precious Metals
Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company's stock valued at $34,178,000 after purchasing an additional 106,842 shares during the period. Vanguard Group Inc. lifted its position in shares of A-Mark Precious Metals by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company's stock valued at $31,865,000 after acquiring an additional 6,544 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of A-Mark Precious Metals by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company's stock valued at $13,681,000 after acquiring an additional 67,452 shares in the last quarter. CWA Asset Management Group LLC lifted its position in shares of A-Mark Precious Metals by 1.3% in the fourth quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company's stock valued at $12,828,000 after acquiring an additional 5,437 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of A-Mark Precious Metals by 34.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company's stock valued at $6,172,000 after acquiring an additional 51,531 shares in the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.
A-Mark Precious Metals Company Profile
(
Get Free Report)
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.
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