A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Announces $0.20 Quarterly Dividend

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) declared a quarterly dividend on Tuesday, September 24th, Zacks reports. Shareholders of record on Tuesday, October 8th will be paid a dividend of 0.20 per share on Tuesday, October 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, October 8th.

A-Mark Precious Metals has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Down 1.3 %

Shares of NASDAQ AMRK opened at $44.02 on Friday. A-Mark Precious Metals has a 52-week low of $23.14 and a 52-week high of $47.39. The company’s 50-day simple moving average is $39.79 and its 200-day simple moving average is $37.23. The company has a quick ratio of 0.39, a current ratio of 1.63 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 13.50 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRK) last released 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). The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. Equities analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Wednesday. DA Davidson lifted their target price on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.33.

Insider Activity at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregory N. Roberts sold 7,680 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were 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 in the company, valued at approximately $1,241,734.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 over the last 90 days. 23.20% of the stock is owned by corporate insiders.

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.