Gregory N. Roberts Sells 4,320 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $42.95 on Wednesday. The firm has a fifty day simple moving average of $38.63 and a two-hundred day simple moving average of $36.37. The firm has a market cap of $981.62 million, a PE ratio of 13.17 and a beta of -0.05. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. A-Mark Precious Metals, Inc. has a 1-year low of $23.14 and a 1-year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.72% and a net margin of 0.68%. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. On average, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 4.29 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend 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 dividend payout ratio is currently 24.54%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its stake 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 purchasing an additional 391 shares in the last quarter. Quarry LP increased its position in A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after buying an additional 539 shares in the last quarter. Riverwater Partners LLC raised its stake in shares of A-Mark Precious Metals by 10.6% in the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after buying an additional 881 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of A-Mark Precious Metals by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock worth $1,178,000 after buying an additional 1,222 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of A-Mark Precious Metals in the second quarter worth about $45,000. 75.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DA Davidson upped their price target on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.67.

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.