Insider Selling: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Sells 10,000 Shares of Stock
A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) CEO Gregory N. Roberts sold 10,000 shares of A-Mark Precious Metals stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $79.58, for a total value of $795,800.00. Following the sale, the chief executive officer now owns 10,300 shares in the company, valued at $819,674. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ AMRK traded down $2.31 during mid-day trading on Friday, hitting $77.69. The company had a trading volume of 150,532 shares, compared to its average volume of 116,901. The firm has a market capitalization of $894.52 million, a P/E ratio of 6.38 and a beta of -0.45. A-Mark Precious Metals, Inc. has a 1 year low of $42.20 and a 1 year high of $89.19. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.46. The business’s 50-day simple moving average is $75.57.
A-Mark Precious Metals shares are set to split on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly created shares will be payable to shareholders after the market closes on Tuesday, June 7th.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $1.96 by $1.10. A-Mark Precious Metals had a return on equity of 41.21% and a net margin of 1.77%. During the same period in the previous year, the firm earned $8.84 earnings per share. As a group, research analysts forecast that A-Mark Precious Metals, Inc. will post 10.43 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of A-Mark Precious Metals by 8.2% in the fourth quarter. BlackRock Inc. now owns 628,976 shares of the company’s stock valued at $38,432,000 after purchasing an additional 47,641 shares in the last quarter. American Century Companies Inc. grew its position in A-Mark Precious Metals by 6.0% during the first quarter. American Century Companies Inc. now owns 524,554 shares of the company’s stock worth $40,569,000 after buying an additional 29,889 shares in the last quarter. Vanguard Group Inc. grew its position in A-Mark Precious Metals by 0.8% during the first quarter. Vanguard Group Inc. now owns 436,093 shares of the company’s stock worth $33,727,000 after buying an additional 3,507 shares in the last quarter. Dimensional Fund Advisors LP grew its position in A-Mark Precious Metals by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 320,943 shares of the company’s stock worth $24,824,000 after buying an additional 22,632 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in A-Mark Precious Metals during the first quarter worth about $19,975,000. Institutional investors own 43.08% of the company’s stock.
A number of analysts have issued reports on AMRK shares. Zacks Investment Research raised A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research report on Tuesday, May 10th. StockNews.com started coverage on A-Mark Precious Metals in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Northland Securities raised their target price on A-Mark Precious Metals from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $89.25.
A-Mark Precious Metals Company Profile (Get Rating)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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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