A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson Sells 5,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CFO Kathleen Taylor-Simpson sold 5,000 shares of A-Mark Precious Metals 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 is available at the SEC website.

A-Mark Precious Metals Price Performance

Shares of AMRK traded up $0.28 during mid-day trading on Friday, reaching $20.92. 195,745 shares of the company's stock were exchanged, compared to its average volume of 303,217. The company has a quick ratio of 0.31, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $22.32 and a two-hundred day simple moving average of $25.94. A-Mark Precious Metals, Inc. has a 52-week low of $19.39 and a 52-week high of $47.39. The company has a market cap of $515.16 million, a price-to-earnings ratio of 10.20 and a beta of 0.20.

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

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 54.05%.

Institutional Trading of A-Mark Precious Metals

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in A-Mark Precious Metals by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 7,511 shares of the company's stock worth $206,000 after buying an additional 949 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of A-Mark Precious Metals by 4.6% during the 4th quarter. Empowered Funds LLC now owns 17,640 shares of the company's stock worth $483,000 after acquiring an additional 782 shares during the period. Rhumbline Advisers lifted its holdings in shares of A-Mark Precious Metals by 2.1% during the 4th quarter. Rhumbline Advisers now owns 29,814 shares of the company's stock worth $817,000 after acquiring an additional 621 shares during the period. Bank of New York Mellon Corp raised its stake in shares of A-Mark Precious Metals by 43.6% in the fourth quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after acquiring an additional 65,014 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $338,000. 75.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Northland Securities dropped their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. B. Riley cut their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. DA Davidson cut their price objective on A-Mark Precious Metals from $35.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded A-Mark Precious Metals from a "sell" rating to a "hold" rating in a report on Saturday, May 17th.

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.