A-Mark Precious Metals (NASDAQ:AMRK) Hits New 1-Year High at $47.77

A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Your Free Report ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.77 and last traded at $47.77, with a volume of 1102 shares. Shares previously closed at $43.43.

Analysts set new price targets

AMRK has been the subject of a number of research reports. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Monday. DA Davidson boosted their price objective on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.67, according to MarketBeat.com.

Read our latest research report on AMRK

A-Mark Precious Metals Price Performance

The firm has a market cap of $1.09 billion, a price-to-earnings 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. The stock’s fifty-day moving average price is $38.24, and its 200-day moving average price is $35.94.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Thursday, July 18th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, July 18. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 1.67%. A-Mark Precious Metals’ payout ratio is currently 24.54%.

Insider trading at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other A-Mark Precious Metals news, CFO Kathleen Taylor-Simpson sold 25,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total transaction of $1,099,500.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at $1,281,498.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,341 shares of company stock worth $3,907,588. 23.20% of shares are currently owned by corporate insiders.

A-Mark Precious Metals Institutional Trading

Several institutional investors and hedge funds have recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its stake in A-Mark Precious Metals by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 18,958 shares of the company’s stock valued at $614,000 after purchasing an additional 391 shares during the period. Quarry LP boosted its stake in A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter . Riverwater Partners LLC lifted its position in A-Mark Precious Metals by 10.6% during the 2nd quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after acquiring an additional 881 shares in the period time. Massachusetts Financial Services Co. MA raised its stake in shares of A-Mark Precious Metals by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company’s stock valued at $1,178,000 after buying an additional 1,222 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of A-Mark Precious Metals in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 75.25% of the company’s shares.

About A-Mark Precious Metals

(Get a free report)

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale and Ancillary Services, Direct-to-Consumer and Secured Lending. The Wholesale and Ancillary Services segment sells gold, silver, platinum and palladium in the form of bars, plates, powders, wafers, grains, ingots and coins.

Further reading

Receive daily news and ratings for A-Mark Precious Metals – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for A-Mark Precious Metals and related companies with MarketBeat.com’s FREE daily email newsletter.