A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson Sells 25,000 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CFO Kathleen Taylor-Simpson sold 25,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total value of $1,099,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $43.05 on Friday. The stock has a fifty day moving average price of $38.39 and a 200 day moving average price of $36.05. The stock has a market cap of $983.91 million, a PE ratio of 13.21 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 1 year low of $23.14 and a 1 year high of $47.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, July 18th. This represents a $0.80 annualized dividend and a yield of 1.86%. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of institutional investors have recently made changes to their positions in AMRK. Quarry LP raised its holdings in shares of A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter worth $45,000. Quest Partners LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $184,000. Capstone Investment Advisors LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $220,000. Finally, Quantbot Technologies LP raised its holdings in shares of A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after acquiring an additional 4,895 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. DA Davidson lifted their price target on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and an average price target of $47.67.

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.