Insider Selling: A-Mark Precious Metals (NASDAQ:AMRK) CEO Sells 18,000 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory Roberts sold 18,000 shares of A-Mark Precious Metals stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $25.65, for a total value of $461,700.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at $723,381.30. This represents a 38.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A-Mark Precious Metals Trading Up 1.1%

Shares of AMRK stock traded up $0.28 during mid-day trading on Tuesday, reaching $25.66. The company’s stock had a trading volume of 242,725 shares, compared to its average volume of 286,904. The company’s 50 day simple moving average is $26.59 and its 200-day simple moving average is $23.70. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $31.07. The company has a quick ratio of 0.58, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $632.44 million, a PE ratio of 91.65 and a beta of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.66). The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. On average, research analysts predict that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 285.71%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of A-Mark Precious Metals in a report on Monday. Roth Capital raised shares of A-Mark Precious Metals to a “strong-buy” rating in a report on Wednesday, September 10th. Zacks Research downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, DA Davidson set a $34.00 price objective on shares of A-Mark Precious Metals in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Institutional Investors Weigh In On A-Mark Precious Metals

Several institutional investors and hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in A-Mark Precious Metals by 15,414.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company’s stock worth $28,000 after purchasing an additional 1,079 shares during the period. Jones Financial Companies Lllp bought a new position in shares of A-Mark Precious Metals in the 3rd quarter worth about $33,000. State of Alaska Department of Revenue acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at about $33,000. PNC Financial Services Group Inc. grew its position in shares of A-Mark Precious Metals by 118.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company’s stock valued at $29,000 after buying an additional 711 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in A-Mark Precious Metals by 624.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company’s stock worth $48,000 after acquiring an additional 1,847 shares during the period. 75.25% of the stock is owned by institutional investors and hedge funds.

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.