A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Moorhead John Sells 2,500 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Moorhead John sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.46, for a total value of $96,150.00. Following the transaction, the director now directly owns 28,768 shares in the company, valued at $1,106,417.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $37.30 on Thursday. A-Mark Precious Metals, Inc. has a 12-month low of $23.14 and a 12-month high of $42.48. The company’s 50 day moving average price is $34.73 and its two-hundred day moving average price is $30.21. The firm has a market cap of $852.31 million, a PE ratio of 11.44 and a beta of -0.05. The company has a quick ratio of 0.34, a current ratio of 1.76 and a debt-to-equity ratio of 0.50.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMRK shares. B. Riley lowered shares of A-Mark Precious Metals from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research report on Wednesday. DA Davidson raised their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Northland Capmk cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Northland Securities lowered A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, StockNews.com cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.50.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in shares of A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock worth $49,413,000 after purchasing an additional 150,343 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in A-Mark Precious Metals by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after buying an additional 106,842 shares in the last quarter. Vanguard Group Inc. increased its holdings in A-Mark Precious Metals by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock valued at $31,865,000 after buying an additional 6,544 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of A-Mark Precious Metals by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after buying an additional 67,452 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in shares of A-Mark Precious Metals by 1.3% during the 4th quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock worth $12,828,000 after acquiring an additional 5,437 shares during the period. Institutional investors own 75.25% of the company’s stock.

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.