A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Michael R. Wittmeyer Sells 10,975 Shares

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the sale, the director now owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

A-Mark Precious Metals Price Performance

NASDAQ AMRK traded down $0.20 on Monday, reaching $42.85. The company had a trading volume of 142,380 shares, compared to its average volume of 373,361. The stock has a market capitalization of $979.34 million, a PE ratio of 13.21 and a beta of -0.05. The firm’s 50 day moving average price is $38.39 and its 200 day moving average price is $36.17. 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, Inc. has a 12 month low of $23.14 and a 12 month high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.72%. As a group, equities analysts predict that A-Mark Precious Metals, Inc. will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, July 18th. A-Mark Precious Metals’s dividend payout ratio is 24.54%.

Analysts Set New Price Targets

AMRK has been the subject of a number of recent analyst reports. DA Davidson increased 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 downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Hold” and a consensus price target of $47.67.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of AMRK. BNP Paribas Financial Markets raised its position in A-Mark Precious Metals by 99.6% during the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after buying an additional 17,023 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of A-Mark Precious Metals in the first quarter worth $712,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter worth $714,000. Koss Olinger Consulting LLC acquired a new position in A-Mark Precious Metals during the second quarter valued at $535,000. Finally, 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 buying an additional 106,842 shares during the last quarter. 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.