A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Michael R. Wittmeyer Sells 25,841 Shares of Stock

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Director Michael R. Wittmeyer sold 25,841 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the sale, the director now owns 292,535 shares of the company’s stock, valued at $12,973,927.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

A-Mark Precious Metals Trading Up 0.4 %

NASDAQ:AMRK opened at $43.43 on Friday. The company has a market capitalization of $992.59 million, a P/E ratio of 13.32 and a beta of -0.05. The company has a current ratio of 1.76, a quick ratio of 0.34 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. The firm has a fifty day simple moving average of $38.24 and a 200-day simple moving average of $35.94.

A-Mark Precious Metals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. A-Mark Precious Metals’s dividend payout ratio is currently 24.54%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMRK. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Monday. DA Davidson raised their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and a consensus price target of $47.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Driehaus Capital Management LLC acquired a new stake in shares of A-Mark Precious Metals during the second quarter worth about $5,702,000. Dimensional Fund Advisors LP lifted its stake in A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after acquiring an additional 106,842 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of A-Mark Precious Metals by 164.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after acquiring an additional 68,320 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of A-Mark Precious Metals by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after acquiring an additional 67,452 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in shares of A-Mark Precious Metals by 359.3% during the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock worth $2,657,000 after purchasing an additional 64,221 shares during the last quarter. 75.25% of the stock is owned by institutional investors and hedge funds.

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.