A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) traded up 4.2% during trading on Friday after the company announced a dividend. The company traded as high as $32.02 and last traded at $32.02. 49,662 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 248,309 shares. The stock had previously closed at $30.72.
The newly announced dividend which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on AMRK shares. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Thursday. B. Riley cut their price objective on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, DA Davidson reissued a “buy” rating and set a $42.00 price target on shares of A-Mark Precious Metals in a research note on Monday, March 4th.
A-Mark Precious Metals Price Performance
The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $27.67 and its 200-day moving average price is $28.30. The stock has a market cap of $747.88 million, a P/E ratio of 7.26 and a beta of 0.02.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 earnings per share for the current year.
Insider Transactions at A-Mark Precious Metals
In related news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $713,510.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,637 shares of company stock worth $1,396,360. Company insiders own 23.20% of the company’s stock.
Institutional Investors Weigh In On A-Mark Precious Metals
A number of large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of A-Mark Precious Metals by 9.8% during the third quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after purchasing an additional 150,343 shares in the last quarter. BlackRock Inc. lifted its position in A-Mark Precious Metals by 2.3% during the second quarter. BlackRock Inc. now owns 1,383,817 shares of the company’s stock valued at $51,803,000 after buying an additional 30,514 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after buying an additional 106,842 shares in the last quarter. Vanguard Group Inc. grew its position in shares of A-Mark Precious Metals by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company’s stock worth $30,296,000 after buying an additional 6,184 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of A-Mark Precious Metals by 41.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company’s stock worth $20,275,000 after acquiring an additional 157,750 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.
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.
Further Reading
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