Insider Selling: A-Mark Precious Metals Inc. (AMRK) CEO Sells $16,570.00 in Stock
A-Mark Precious Metals Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $16.57, for a total transaction of $16,570.00. Following the sale, the chief executive officer now owns 62,356 shares in the company, valued at approximately $1,033,238.92. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A-Mark Precious Metals Inc. (NASDAQ:AMRK) opened at 16.53 on Monday. The company has a market cap of $116.22 million, a PE ratio of 21.33 and a beta of 0.07. The company has a 50-day moving average of $15.78 and a 200-day moving average of $16.52. A-Mark Precious Metals Inc. has a 52 week low of $14.02 and a 52 week high of $22.07.
A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Monday, November 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.24. A-Mark Precious Metals had a return on equity of 8.63% and a net margin of 0.08%. On average, equities analysts expect that A-Mark Precious Metals Inc. will post $1.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $0.28 dividend on an annualized basis and a yield of 1.69%. A-Mark Precious Metals’s payout ratio is 35.90%.
A number of hedge funds have recently added to or reduced their stakes in AMRK. GSA Capital Partners LLP raised its stake in A-Mark Precious Metals by 26.2% in the second quarter. GSA Capital Partners LLP now owns 39,960 shares of the company’s stock worth $647,000 after buying an additional 8,300 shares during the last quarter. Shufro Rose & Co. LLC raised its stake in A-Mark Precious Metals by 7.6% in the second quarter. Shufro Rose & Co. LLC now owns 204,300 shares of the company’s stock worth $3,306,000 after buying an additional 14,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in A-Mark Precious Metals by 656.3% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $155,000 after buying an additional 8,302 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in A-Mark Precious Metals by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 295,330 shares of the company’s stock worth $4,778,000 after buying an additional 20,316 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in A-Mark Precious Metals by 1.8% in the second quarter. Vanguard Group Inc. now owns 172,142 shares of the company’s stock worth $2,785,000 after buying an additional 3,013 shares during the last quarter. Institutional investors and hedge funds own 20.25% of the company’s stock.
AMRK has been the topic of a number of research reports. B. Riley restated a “neutral” rating and set a $16.25 target price on shares of A-Mark Precious Metals in a report on Sunday, September 25th. Zacks Investment Research upgraded shares of A-Mark Precious Metals from a “strong sell” rating to a “hold” rating in a report on Thursday, November 10th. Finally, TheStreet cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.83.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metals trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. The Company also distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers secure storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as Repo accounts, and trade quotes in a range of foreign currencies.
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