A-Mark Precious Metals, Inc. (AMRK) to Issue Quarterly Dividend of $0.20 on October 22nd

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) announced a quarterly dividend on Tuesday, September 24th, Zacks reports. Investors of record on Tuesday, October 8th will be paid a dividend of 0.20 per share on Tuesday, October 22nd. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, October 8th.

A-Mark Precious Metals has a dividend payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Up 1.4 %

A-Mark Precious Metals stock opened at $43.54 on Thursday. The company has a market capitalization of $999.24 million, a P/E ratio of 13.36 and a beta of -0.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $47.39. The stock has a 50-day simple moving average of $38.77 and a 200-day simple moving average of $36.42.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. Equities research analysts expect that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMRK. DA Davidson increased their price objective on A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. StockNews.com raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.67.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the transaction, the director now directly owns 190,500 shares of the company’s stock, valued at $8,702,040. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 4,320 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,240,888. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,316 shares of company stock valued at $4,911,036. 23.20% of the stock is owned by company insiders.

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.