Insider Selling: A-Mark Precious Metals, Inc. (AMRK) CEO Sells 1,300 Shares of Stock
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 1,300 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $14.75, for a total value of $19,175.00. Following the completion of the sale, the chief executive officer now owns 33,656 shares in the company, valued at approximately $496,426. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of A-Mark Precious Metals, Inc. (NASDAQ AMRK) traded up 0.95% during midday trading on Thursday, hitting $14.91. The company had a trading volume of 5,237 shares. The company has a market capitalization of $104.83 million, a P/E ratio of 15.36 and a beta of 0.16. A-Mark Precious Metals, Inc. has a 52 week low of $14.75 and a 52 week high of $21.66. The firm’s 50 day moving average is $15.82 and its 200 day moving average is $17.59.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.09. A-Mark Precious Metals had a net margin of 0.09% and a return on equity of 10.08%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Equities research analysts anticipate that A-Mark Precious Metals, Inc. will post $1.14 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of A-Mark Precious Metals during the first quarter worth approximately $180,000. JPMorgan Chase & Co. raised its position in shares of A-Mark Precious Metals by 13.4% in the first quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock worth $264,000 after buying an additional 1,829 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of A-Mark Precious Metals during the first quarter worth approximately $282,000. Renaissance Technologies LLC raised its position in shares of A-Mark Precious Metals by 46.4% in the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock worth $917,000 after buying an additional 14,900 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in A-Mark Precious Metals by 280.9% in the first quarter. William Blair Investment Management LLC now owns 177,747 shares of the company’s stock valued at $3,036,000 after buying an additional 131,078 shares in the last quarter. 19.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on AMRK shares. Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. B. Riley reiterated a “neutral” rating and issued a $18.75 price target on shares of A-Mark Precious Metals in a research report on Wednesday, March 22nd. Two 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 company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.68.
About A-Mark Precious Metals
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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