A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Free Report) CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals 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 completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
A-Mark Precious Metals Trading Up 5.1 %
Shares of NASDAQ:AMRK traded up $1.32 during trading on Friday, reaching $27.01. 550,515 shares of the company traded hands, compared to its average volume of 256,662. The firm has a market capitalization of $617.18 million, a price-to-earnings ratio of 5.99 and a beta of 0.01. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.11. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average is $27.70 and its 200-day moving average is $29.39.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last issued 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 company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. As a group, analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.
A-Mark Precious Metals Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $0.80 annualized dividend and a yield of 2.96%. A-Mark Precious Metals’s payout ratio is 17.74%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of AMRK. American Century Companies Inc. lifted its position in shares of A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after buying an additional 150,343 shares in the last quarter. BlackRock Inc. lifted its position in shares of A-Mark Precious Metals by 2.3% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP lifted its position 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. lifted its position in shares of A-Mark Precious Metals by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company’s stock valued at $30,296,000 after buying an additional 6,184 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of A-Mark Precious Metals by 41.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company’s stock valued at $20,275,000 after buying an additional 157,750 shares in the last quarter. 54.84% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on AMRK. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. B. Riley decreased their price objective on shares of 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.
Read Our Latest Stock Report on AMRK
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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