A-Mark Precious Metals, Inc. (NASDAQ:AMRK) EVP Carol Meltzer Sells 500 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) EVP Carol Meltzer sold 500 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $39.16, for a total value of $19,580.00. Following the sale, the executive vice president now directly owns 22,000 shares in the company, valued at approximately $861,520. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

A-Mark Precious Metals Stock Up 1.5 %

Shares of NASDAQ:AMRK opened at $39.23 on Thursday. The firm has a market capitalization of $896.41 million, a PE ratio of 12.03 and a beta of -0.05. The business has a 50 day simple moving average of $35.76 and a two-hundred day simple moving average of $30.62. A-Mark Precious Metals, Inc. has a 1 year low of $23.14 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were given a dividend of $0.20 per share. The ex-dividend date was Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.04%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Institutional Trading of A-Mark Precious Metals

A number of large investors have recently made changes to their positions in the stock. Secure Asset Management LLC increased its stake in A-Mark Precious Metals by 2.4% in the 4th quarter. Secure Asset Management LLC now owns 28,890 shares of the company’s stock worth $874,000 after buying an additional 675 shares during the period. Deutsche Bank AG boosted its holdings in shares of A-Mark Precious Metals by 4.3% in the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock valued at $821,000 after purchasing an additional 1,165 shares during the period. DekaBank Deutsche Girozentrale bought a new position in A-Mark Precious Metals in the fourth quarter worth approximately $67,000. SG Americas Securities LLC increased its holdings in A-Mark Precious Metals by 27.4% during the 4th quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock worth $328,000 after purchasing an additional 2,334 shares during the period. Finally, Corton Capital Inc. raised its position in A-Mark Precious Metals by 37.1% during the 3rd quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock valued at $323,000 after purchasing an additional 2,986 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMRK has been the subject of a number of research analyst reports. Maxim Group started coverage on A-Mark Precious Metals in a research report on Wednesday. They set a “buy” rating and a $63.00 price objective for the company. Northland Securities downgraded A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. DA Davidson increased their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Northland Capmk cut shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, B. Riley lowered A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.67.

A-Mark Precious Metals Company Profile

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.