A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) traded down 4.5% during trading on Friday . The company traded as low as $39.00 and last traded at $39.04. 101,970 shares changed hands during trading, a decline of 73% from the average session volume of 374,673 shares. The stock had previously closed at $40.86.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. B. Riley dropped their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, Northland Securities downgraded shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday.
Get Our Latest Stock Analysis on A-Mark Precious Metals
A-Mark Precious Metals Price Performance
The company’s fifty day moving average is $34.11 and its 200 day moving average is $30.00. 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 stock has a market cap of $849.11 million, a PE ratio of 11.40 and a beta of -0.05.
A-Mark Precious Metals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 annualized dividend and a yield of 2.15%. A-Mark Precious Metals’s payout ratio is 24.54%.
Insider Activity at A-Mark Precious Metals
In related news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jess M. Ravich acquired 20,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average cost of $25.63 per share, with a total value of $512,600.00. Following the transaction, the director now directly owns 143,668 shares of the company’s stock, valued at $3,682,210.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 53,637 shares of company stock worth $1,396,360. Company insiders own 23.20% of the company’s stock.
Institutional Trading of A-Mark Precious Metals
Several large investors have recently bought and sold shares of AMRK. DekaBank Deutsche Girozentrale acquired a new stake in A-Mark Precious Metals in the fourth quarter valued at approximately $67,000. Quest Partners LLC acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $184,000. Capstone Investment Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $220,000. Quantbot Technologies LP grew its position in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $236,000. Institutional investors and hedge funds 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.
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