A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson Sells 5,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson sold 5,000 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total transaction of $103,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $20.29 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $22.63 and a 200-day moving average price of $26.10. The company has a market cap of $499.64 million, a price-to-earnings ratio of 9.90 and a beta of 0.32. A-Mark Precious Metals, Inc. has a 12 month low of $19.39 and a 12 month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.54). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. As a group, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.94%. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 54.05%.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in A-Mark Precious Metals by 3.9% in the first quarter. American Century Companies Inc. now owns 1,253,689 shares of the company’s stock valued at $31,806,000 after acquiring an additional 47,616 shares in the last quarter. Vanguard Group Inc. raised its stake in A-Mark Precious Metals by 12.4% in the first quarter. Vanguard Group Inc. now owns 1,152,737 shares of the company’s stock worth $29,245,000 after buying an additional 127,072 shares in the last quarter. Invesco Ltd. lifted its holdings in A-Mark Precious Metals by 120.5% in the first quarter. Invesco Ltd. now owns 524,342 shares of the company’s stock worth $13,303,000 after buying an additional 286,512 shares during the period. Geode Capital Management LLC boosted its position in A-Mark Precious Metals by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 437,464 shares of the company’s stock valued at $11,989,000 after acquiring an additional 5,672 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new stake in A-Mark Precious Metals during the 1st quarter valued at approximately $8,552,000. Institutional investors own 75.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMRK shares. B. Riley cut their price target on shares of A-Mark Precious Metals from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Northland Securities dropped their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Wall Street Zen upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Saturday, May 17th. Finally, DA Davidson lowered their price objective on A-Mark Precious Metals from $35.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 8th.

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.