A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts Sells 6,587 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) CEO Gregory N. Roberts sold 6,587 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $36.33, for a total value of $239,305.71. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,024,578.66. The sale was disclosed in a filing with the SEC, which is available through this link.

A-Mark Precious Metals Trading Down 3.7 %

Shares of AMRK stock opened at $34.76 on Friday. A-Mark Precious Metals, Inc. has a twelve month low of $23.71 and a twelve month high of $40.93. The stock has a market capitalization of $808.52 million, a price-to-earnings ratio of 5.64 and a beta of -0.05. The stock has a fifty day simple moving average of $35.12 and a two-hundred day simple moving average of $34.14.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Monday, April 17th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, April 14th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 12.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMRK. B. Riley boosted their target price on A-Mark Precious Metals from $50.00 to $54.00 in a research report on Thursday, May 11th. Northland Securities cut their target price on A-Mark Precious Metals from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 7th. Finally, StockNews.com began coverage on A-Mark Precious Metals in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth $36,000. Nisa Investment Advisors LLC raised its stake in A-Mark Precious Metals by 125.5% in the first quarter. Nisa Investment Advisors LLC now owns 1,078 shares of the company’s stock valued at $37,000 after buying an additional 600 shares during the last quarter. Quantbot Technologies LP purchased a new stake in A-Mark Precious Metals in the third quarter valued at about $49,000. Tower Research Capital LLC TRC raised its stake in A-Mark Precious Metals by 836.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock valued at $64,000 after buying an additional 2,017 shares during the last quarter. Finally, AXS Investments LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter valued at about $75,000. 50.03% of the stock is currently owned by hedge funds and other institutional investors.

A-Mark Precious Metals Company Profile

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A-Mark Precious Metals, Inc engages in the trading of precious metals. It operates through the following segments: Wholesale Trading and Ancillary Services, Secured Lending, and Direct-to-Consumer. The Wholesale Trading and Ancillary Services segment offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins.