Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells 22,000 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

A-Mark Precious Metals Price Performance

AMRK stock traded down $0.38 during midday trading on Tuesday, reaching $44.43. 320,795 shares of the stock were exchanged, compared to its average volume of 370,658. A-Mark Precious Metals, Inc. has a 52 week low of $23.14 and a 52 week high of $47.39. The company has a fifty day moving average price of $37.70 and a 200 day moving average price of $35.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.75 and a beta of -0.05.

A-Mark Precious Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP increased its position in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the period. nVerses Capital LLC bought a new stake in shares of A-Mark Precious Metals in the second quarter worth $45,000. Quest Partners LLC acquired a new stake in A-Mark Precious Metals in the fourth quarter valued at $184,000. Capstone Investment Advisors LLC bought a new position in A-Mark Precious Metals during the 4th quarter worth $220,000. Finally, Quantbot Technologies LP lifted its holdings in A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after buying an additional 4,895 shares during the period. Institutional investors own 75.25% of the company’s stock.

Wall Street Analysts Forecast Growth

AMRK has been the topic of several recent analyst reports. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Monday. Maxim Group began coverage on A-Mark Precious Metals in a research note on Wednesday, May 22nd. They set a “buy” rating and a $63.00 target price for the company. Finally, DA Davidson raised their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.