Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) EVP Sells $33,155.10 in Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) EVP Carol Meltzer sold 1,122 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $29.55, for a total transaction of $33,155.10. Following the completion of the transaction, the executive vice president now directly owns 22,000 shares in the company, valued at approximately $650,100. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

A-Mark Precious Metals Stock Performance

NASDAQ:AMRK opened at $29.53 on Monday. A-Mark Precious Metals, Inc. has a fifty-two week low of $23.71 and a fifty-two week high of $44.60. The stock has a market capitalization of $694.84 million, a P/E ratio of 4.74 and a beta of -0.09. The company’s 50-day simple moving average is $34.60 and its 200-day simple moving average is $32.19.

A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last released its quarterly earnings results on Monday, February 6th. The company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.34). A-Mark Precious Metals had a net margin of 1.90% and a return on equity of 40.25%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. On average, research analysts forecast that A-Mark Precious Metals, Inc. will post 8.05 EPS for the current year.

A-Mark Precious Metals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 27th. Shareholders of record on Monday, January 16th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.71%. A-Mark Precious Metals’s dividend payout ratio is currently 12.84%.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of large investors have recently made changes to their positions in AMRK. Voya Investment Management LLC raised its stake in A-Mark Precious Metals by 44.3% in the 4th quarter. Voya Investment Management LLC now owns 10,185 shares of the company’s stock worth $354,000 after acquiring an additional 3,129 shares during the last quarter. Truist Financial Corp purchased a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $637,000. Coppell Advisory Solutions Corp. purchased a new position in shares of A-Mark Precious Metals in the fourth quarter worth about $620,000. Alliancebernstein L.P. lifted its holdings in shares of A-Mark Precious Metals by 19.8% during the fourth quarter. Alliancebernstein L.P. now owns 15,700 shares of the company’s stock worth $545,000 after purchasing an additional 2,600 shares during the period. Finally, State of Wyoming boosted its position in A-Mark Precious Metals by 7.9% in the fourth quarter. State of Wyoming now owns 6,162 shares of the company’s stock valued at $214,000 after buying an additional 451 shares during the last quarter. 50.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMRK shares. StockNews.com cut shares of A-Mark Precious Metals from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Northland Securities dropped their target price on shares of A-Mark Precious Metals from $60.00 to $56.00 and set an “outperform” rating on the stock in a report on Tuesday, February 7th. Finally, B. Riley assumed coverage on shares of A-Mark Precious Metals in a report on Friday, December 16th. They set a “buy” rating and a $50.00 target price on the stock.

A-Mark Precious Metals Company Profile

(Get Rating)

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.