A-Mark Precious Metals, Inc. (NASDAQ:AMRK) to Issue $0.20 Quarterly Dividend

A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Free Report) announced a quarterly dividend on Tuesday, September 24th, Zacks reports. Shareholders of record on Tuesday, October 8th will be given a dividend of 0.20 per share on Tuesday, October 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Tuesday, October 8th.

A-Mark Precious Metals has a payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Trading Down 1.3 %

Shares of NASDAQ:AMRK opened at $44.02 on Monday. The business’s 50 day simple moving average is $39.79 and its 200 day simple moving average is $37.29. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $47.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.50 and a beta of -0.04.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. On average, research analysts anticipate that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. DA Davidson lifted their price objective on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.33.

View Our Latest Stock Analysis on AMRK

Insider Activity

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the sale, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,973,927.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 292,535 shares in the company, valued at approximately $12,973,927.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen Taylor-Simpson sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $43.98, for a total value of $1,099,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,316 shares of company stock worth $4,911,036. Corporate insiders own 23.20% of the company’s stock.

About A-Mark Precious Metals

(Get Free Report)

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.

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Dividend History for A-Mark Precious Metals (NASDAQ:AMRK)

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