A-Mark Precious Metals, Inc. (AMRK) Announces $0.08 Quarterly Dividend
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) declared a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.08 per share on Wednesday, December 13th. This represents a $0.32 annualized dividend and a yield of 2.24%. The ex-dividend date is Wednesday, November 22nd.
A-Mark Precious Metals (NASDAQ:AMRK) traded down $0.60 during trading on Friday, reaching $14.26. The company’s stock had a trading volume of 15,427 shares, compared to its average volume of 16,447. The stock has a market capitalization of $100.27, a P/E ratio of 18.83 and a beta of 0.05. The company has a quick ratio of 0.39, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. A-Mark Precious Metals has a one year low of $13.95 and a one year high of $21.66.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Tuesday, September 12th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.10). A-Mark Precious Metals had a net margin of 0.08% and a return on equity of 7.75%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.81 billion. research analysts anticipate that A-Mark Precious Metals will post 0.43 earnings per share for the current fiscal year.
In related news, CEO Gregory N. Roberts sold 3,300 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $16.37, for a total value of $54,021.00. Following the transaction, the chief executive officer now owns 26,056 shares in the company, valued at $426,536.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 9,200 shares of company stock worth $148,879. Insiders own 38.80% of the company’s stock.
An institutional investor recently raised its position in A-Mark Precious Metals stock. Northern Trust Corp increased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,386 shares of the company’s stock after acquiring an additional 1,902 shares during the quarter. Northern Trust Corp owned approximately 0.49% of A-Mark Precious Metals worth $564,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 19.66% of the company’s stock.
A number of equities research analysts have issued reports on the company. B. Riley reissued a “neutral” rating and set a $19.00 price target on shares of A-Mark Precious Metals in a research report on Monday, September 18th. lowered their price target on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating for the company in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.77.
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A-Mark Precious Metals Company Profile
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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