Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Sells 5,000 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CFO Kathleen Taylor-Simpson sold 5,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $20.68, for a total value of $103,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A-Mark Precious Metals Stock Up 1.2%

AMRK stock traded up $0.24 during mid-day trading on Thursday, hitting $20.64. The stock had a trading volume of 221,911 shares, compared to its average volume of 304,288. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. A-Mark Precious Metals, Inc. has a 1-year low of $19.39 and a 1-year high of $47.39. The company has a fifty day moving average of $22.41 and a 200 day moving average of $26.00. The stock has a market capitalization of $508.26 million, a price-to-earnings ratio of 10.07 and a beta of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.54). The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.66 billion. A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, equities analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.88%. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 54.05%.

Institutional Trading of A-Mark Precious Metals

Hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new stake in A-Mark Precious Metals during the 1st quarter valued at approximately $41,000. Coppell Advisory Solutions LLC boosted its stake in A-Mark Precious Metals by 72.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,917 shares of the company's stock valued at $53,000 after purchasing an additional 806 shares during the period. CWM LLC boosted its stake in A-Mark Precious Metals by 1,192.3% during the 1st quarter. CWM LLC now owns 2,184 shares of the company's stock valued at $55,000 after purchasing an additional 2,015 shares during the period. Farther Finance Advisors LLC boosted its stake in A-Mark Precious Metals by 446.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,252 shares of the company's stock valued at $62,000 after purchasing an additional 1,840 shares during the period. Finally, NBC Securities Inc. bought a new stake in A-Mark Precious Metals during the 1st quarter valued at approximately $70,000. Institutional investors own 75.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMRK. Wall Street Zen raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. DA Davidson dropped their price target on A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. B. Riley dropped their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Northland Securities dropped their price target on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th.

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.