A-Mark Precious Metals, Inc. (NASDAQ:AMRK) had its price objective trimmed by from $19.00 to $17.50 in a research report released on Wednesday morning. The brokerage currently has a neutral rating on the stock.
Several other equities analysts also recently issued reports on AMRK. B. Riley reissued a neutral rating and set a $19.00 price objective on shares of A-Mark Precious Metals in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of A-Mark Precious Metals from a sell rating to a hold rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $19.77.
A-Mark Precious Metals (NASDAQ:AMRK) opened at $15.64 on Wednesday. The stock has a market cap of $109.97, a P/E ratio of 19.24 and a beta of 0.05. A-Mark Precious Metals has a one year low of $14.75 and a one year high of $21.66.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 22nd. A-Mark Precious Metals’s dividend payout ratio is currently 34.41%.
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $16.37, for a total transaction of $54,021.00. Following the transaction, the chief executive officer now owns 26,056 shares of the company’s stock, valued at $426,536.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 7,600 shares of company stock worth $124,983. 38.80% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Shufro Rose & Co. LLC increased its position in shares of A-Mark Precious Metals by 2.7% in the third quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock worth $3,658,000 after acquiring an additional 5,800 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of A-Mark Precious Metals by 7.5% in the third quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock worth $4,789,000 after acquiring an additional 20,349 shares in the last quarter. Cove Street Capital LLC increased its position in shares of A-Mark Precious Metals by 3.9% in the second quarter. Cove Street Capital LLC now owns 64,390 shares of the company’s stock worth $1,055,000 after acquiring an additional 2,390 shares in the last quarter. Northern Trust Corp increased its position in shares of A-Mark Precious Metals by 5.9% in the second quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock worth $564,000 after acquiring an additional 1,902 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of A-Mark Precious Metals by 1,110,000.0% in the second quarter. Wells Fargo & Company MN now owns 11,101 shares of the company’s stock worth $182,000 after acquiring an additional 11,100 shares in the last quarter. 19.85% of the stock is owned by institutional investors.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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