A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson Sells 25,000 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $43.98, for a total value of $1,099,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

A-Mark Precious Metals Stock Up 0.4 %

Shares of NASDAQ AMRK opened at $43.43 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $47.39. The company has a market cap of $992.59 million, a P/E ratio of 13.32 and a beta of -0.05. The stock has a fifty day moving average price of $38.24 and a 200 day moving average price of $35.94.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMRK shares. DA Davidson upped their price objective on A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $47.67.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its position in shares of A-Mark Precious Metals by 2.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock worth $614,000 after purchasing an additional 391 shares during the period. Quarry LP boosted its stake in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares in the last quarter. Riverwater Partners LLC boosted its stake in A-Mark Precious Metals by 10.6% during the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock valued at $299,000 after buying an additional 881 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of A-Mark Precious Metals by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock valued at $1,178,000 after purchasing an additional 1,222 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the second quarter worth approximately $45,000. 75.25% of the stock is currently owned by institutional investors.

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.