Carol Meltzer Sells 500 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) EVP Carol Meltzer sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $39.16, for a total transaction of $19,580.00. Following the transaction, the executive vice president now owns 22,000 shares of the company’s stock, valued at approximately $861,520. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $39.23 on Thursday. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $35.76 and a two-hundred day simple moving average of $30.62. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $42.48. The firm has a market capitalization of $896.41 million, a PE ratio of 12.03 and a beta of -0.05.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMRK shares. StockNews.com cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Northland Securities downgraded A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Northland Capmk lowered A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. DA Davidson upped their target price on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Maxim Group initiated coverage on A-Mark Precious Metals in a report on Wednesday. They set a “buy” rating and a $63.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.67.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in A-Mark Precious Metals by 161.7% during the 1st quarter. Lazard Asset Management LLC now owns 11,024 shares of the company’s stock worth $337,000 after purchasing an additional 6,812 shares in the last quarter. Keeley Teton Advisors LLC lifted its holdings in shares of A-Mark Precious Metals by 18.3% in the first quarter. Keeley Teton Advisors LLC now owns 49,800 shares of the company’s stock valued at $1,528,000 after purchasing an additional 7,700 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of A-Mark Precious Metals by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock valued at $31,865,000 after buying an additional 6,544 shares during the last quarter. Significant Wealth Partners LLC bought a new stake in A-Mark Precious Metals during the first quarter worth $1,194,000. Finally, Quantbot Technologies LP grew its holdings in 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 in the last quarter. Institutional investors own 75.25% of the company’s stock.

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.