A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells $322,551.02 in Stock

Posted by Defense World Staff on May 19th, 2023

A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) CEO Gregory N. Roberts sold 8,558 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $37.69, for a total value of $322,551.02. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,062,933.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

A-Mark Precious Metals Trading Up 1.9 %

A-Mark Precious Metals stock opened at $37.08 on Friday. The company has a market capitalization of $862.48 million, a PE ratio of 6.02 and a beta of -0.05. A-Mark Precious Metals, Inc. has a 12 month low of $23.71 and a 12 month high of $40.93. The stock has a 50-day moving average price of $34.41 and a two-hundred day moving average price of $33.91.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 17th were given a dividend of $0.20 per share. The ex-dividend date was Friday, April 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.16%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 12.99%.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of A-Mark Precious Metals by 125.5% during the first quarter. Nisa Investment Advisors LLC now owns 1,078 shares of the company’s stock worth $37,000 after acquiring an additional 600 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in A-Mark Precious Metals in the third quarter valued at approximately $36,000. Quantbot Technologies LP acquired a new stake in A-Mark Precious Metals in the third quarter valued at approximately $49,000. AXS Investments LLC purchased a new position in shares of A-Mark Precious Metals during the fourth quarter valued at approximately $75,000. Finally, Tower Research Capital LLC TRC grew its holdings in A-Mark Precious Metals by 836.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after buying an additional 2,017 shares in the last quarter. 50.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMRK has been the subject of several recent analyst reports. Northland Securities dropped their price objective on A-Mark Precious Metals from $60.00 to $56.00 and set an “outperform” rating for the company in a research report on Tuesday, February 7th. StockNews.com initiated coverage on A-Mark Precious Metals in a research report on Thursday. They set a “hold” rating for the company. Finally, B. Riley upped their price objective on A-Mark Precious Metals from $50.00 to $54.00 in a research report on Thursday, May 11th.

A-Mark Precious Metals Company Profile

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A-Mark Precious Metals, Inc engages in the trading of precious metals. It operates through the following segments: Wholesale Trading and Ancillary Services, Secured Lending, and Direct-to-Consumer. The Wholesale Trading and Ancillary Services segment offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grain, ingots, and coins.