A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report)’s share price gapped up before the market opened on Monday after the company announced a dividend. The stock had previously closed at $32.73, but opened at $35.12. A-Mark Precious Metals shares last traded at $36.02, with a volume of 259,021 shares traded.
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 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s payout ratio is 17.74%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on AMRK. B. Riley lowered their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $42.00 target price on shares of A-Mark Precious Metals in a research report on Monday, March 4th.
View Our Latest Report on A-Mark Precious Metals
A-Mark Precious Metals Price Performance
The firm has a market capitalization of $892.06 million, a PE ratio of 8.66 and a beta of 0.02. The business has a 50-day moving average of $27.89 and a 200 day moving average of $28.33. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. As a group, research analysts anticipate that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current fiscal year.
Insider Activity at A-Mark Precious Metals
In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of the company’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 transaction, the director now owns 408,225 shares in the company, valued at approximately $10,732,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the transaction, the director now owns 453,283 shares in the company, valued at approximately $11,812,554.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction dated 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 transaction, the director now 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. In the last three months, insiders sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in AMRK. B. Riley Wealth Advisors Inc. raised its holdings in shares of A-Mark Precious Metals by 164.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after acquiring an additional 68,320 shares in the last quarter. Barclays PLC raised its holdings in shares of A-Mark Precious Metals by 79.5% in the 4th quarter. Barclays PLC now owns 51,765 shares of the company’s stock valued at $1,565,000 after acquiring an additional 22,920 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of A-Mark Precious Metals by 8.9% in the 4th quarter. Voya Investment Management LLC now owns 12,613 shares of the company’s stock valued at $382,000 after acquiring an additional 1,028 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of A-Mark Precious Metals by 29.8% in the 4th quarter. Nuveen Asset Management LLC now owns 274,107 shares of the company’s stock valued at $8,292,000 after acquiring an additional 62,868 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of A-Mark Precious Metals by 27.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 325,832 shares of the company’s stock valued at $9,856,000 after acquiring an additional 69,913 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.
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.
Recommended Stories
Receive News & Ratings for A-Mark Precious Metals Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for A-Mark Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.