A-Mark Precious Metals Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $16.35, for a total value of $53,955.00. Following the completion of the transaction, the chief executive officer now owns 68,956 shares in the company, valued at approximately $1,127,430.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of A-Mark Precious Metals Inc. (NASDAQ:AMRK) opened at 16.59 on Monday. The company has a 50 day moving average price of $16.94 and a 200 day moving average price of $17.81. A-Mark Precious Metals Inc. has a 52 week low of $11.13 and a 52 week high of $22.07. The company has a market cap of $116.48 million and a PE ratio of 12.76.
A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Wednesday, September 21st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.10. A-Mark Precious Metals had a return on equity of 17.28% and a net margin of 0.16%. On average, equities analysts expect that A-Mark Precious Metals Inc. will post $1.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 22.05%.
A number of institutional investors have recently modified their holdings of AMRK. O Shaughnessy Asset Management LLC boosted its position in shares of A-Mark Precious Metals by 2,585.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,982 shares of the company’s stock worth $113,000 after buying an additional 6,722 shares during the period. Cannell Capital LLC bought a new position in shares of A-Mark Precious Metals during the second quarter worth about $121,000. JPMorgan Chase & Co. boosted its position in shares of A-Mark Precious Metals by 656.3% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $155,000 after buying an additional 8,302 shares during the period. Renaissance Technologies LLC bought a new position in shares of A-Mark Precious Metals during the first quarter worth about $201,000. Finally, BlackRock Fund Advisors boosted its position in shares of A-Mark Precious Metals by 78.0% in the first quarter. BlackRock Fund Advisors now owns 11,294 shares of the company’s stock worth $225,000 after buying an additional 4,948 shares during the period. Hedge funds and other institutional investors own 20.62% of the company’s stock.
A number of brokerages have recently weighed in on AMRK. B. Riley reiterated a “neutral” rating and issued a $16.25 target price on shares of A-Mark Precious Metals in a report on Sunday. Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Finally, TheStreet cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.42.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.
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