Michael R. Wittmeyer Sells 10,975 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now directly owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A-Mark Precious Metals Trading Up 0.2 %

AMRK opened at $42.95 on Wednesday. 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 market cap of $981.62 million, a price-to-earnings ratio of 13.17 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 12 month low of $23.14 and a 12 month high of $47.39. The stock has a fifty day moving average price of $38.63 and a 200-day moving average price of $36.37.

A-Mark Precious Metals (NASDAQ:AMRK) last posted 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). The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.72%. As a group, equities research analysts anticipate that A-Mark Precious Metals, Inc. will post 4.29 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were given 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 payout ratio is 24.54%.

Analyst Upgrades and Downgrades

AMRK has been the subject of a number of research analyst reports. DA Davidson lifted their target price on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.67.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors and hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in A-Mark Precious Metals by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock worth $614,000 after buying an additional 391 shares during the last quarter. Quarry LP increased its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. Riverwater Partners LLC raised its position 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 valued at $299,000 after purchasing an additional 881 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in 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 purchasing an additional 1,222 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in A-Mark Precious Metals during the 2nd quarter worth approximately $45,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.