A-Mark Precious Metals (NASDAQ:AMRK) Hits New 52-Week High at $47.77

Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) reached a new 52-week high during trading on Friday . The company traded as high as $47.77 and last traded at $47.77, with a volume of 1102 shares. The stock had previously closed at $43.43.

Analyst Upgrades and Downgrades

AMRK has been the subject of several analyst reports. DA Davidson raised their price objective on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, A-Mark Precious Metals currently has a consensus rating of “Hold” and an average price target of $47.67.

A-Mark Precious Metals Stock Up 10.0 %

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. The company has a market cap of $1.09 billion, a P/E ratio of 13.32 and a beta of -0.05. The business’s fifty day moving average is $38.24 and its two-hundred day moving average is $35.94.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Insider Buying and Selling

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated 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 owns 28,202 shares in the company, valued at approximately $1,281,498.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now directly owns 190,500 shares in the company, valued at $8,702,040. The disclosure for this sale can be found here. Insiders have sold a total of 87,341 shares of company stock valued at $3,907,588 over the last quarter. 23.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $13,681,000 after buying an additional 67,452 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after acquiring an additional 106,842 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $184,000. Aigen Investment Management LP purchased a new position in A-Mark Precious Metals in the 4th quarter valued at $574,000. Finally, Capstone Investment Advisors LLC acquired a new stake in A-Mark Precious Metals during the 4th quarter worth $220,000. Hedge funds and other 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.