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

A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Free Report) declared a quarterly dividend on Monday, July 8th, Zacks reports. Shareholders of record on Thursday, July 18th will be paid a dividend of 0.20 per share on Wednesday, July 31st. This represents a $0.80 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, July 18th.

A-Mark Precious Metals has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings.

A-Mark Precious Metals Stock Up 1.1 %

AMRK stock opened at $33.72 on Wednesday. The stock has a market capitalization of $770.50 million, a PE ratio of 10.34 and a beta of -0.06. The company has a fifty day moving average of $36.31 and a 200-day moving average of $32.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 1.76. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.56). A-Mark Precious Metals had a net margin of 0.77% and a return on equity of 20.24%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.18 billion. As a group, analysts expect that A-Mark Precious Metals will post 3.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMRK. DA Davidson raised their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Northland Capmk lowered shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Northland Securities cut shares of A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Maxim Group began coverage on shares of A-Mark Precious Metals in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $63.00 price objective for the company. Finally, StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $46.67.

Read Our Latest Stock Report on A-Mark Precious Metals

Insiders Place Their Bets

In other news, CEO Gregory N. Roberts sold 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $39.21, for a total value of $196,050.00. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,105,800.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Gregory N. Roberts sold 5,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $39.21, for a total value of $196,050.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,105,800.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 15,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $38.93, for a total value of $583,950.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,097,903.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,948 shares of company stock worth $1,996,353. 23.20% of the stock is owned by corporate insiders.

A-Mark Precious Metals Company Profile

(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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