A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Sells $475,217.50 in Stock

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

A-Mark Precious Metals Trading Up 1.4 %

NASDAQ:AMRK opened at $43.54 on Thursday. The company has a market capitalization of $999.24 million, a PE ratio of 13.36 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $47.39. The stock’s 50 day moving average price is $38.77 and its 200 day moving average price is $36.42. The company has a quick ratio of 0.39, a current ratio of 1.63 and a debt-to-equity ratio of 0.38.

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 analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Institutional Investors Weigh In On A-Mark Precious Metals

Several hedge funds have recently made changes to their positions in the business. Quarry LP increased its position in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter valued at approximately $45,000. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth $220,000. Finally, Quantbot Technologies LP lifted its holdings in shares of 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 purchasing an additional 4,895 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

Analyst Ratings Changes

AMRK has been the topic of several recent analyst reports. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday. DA Davidson upped their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.67.

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.