Gregory N. Roberts Sells 1,600 Shares of A-Mark Precious Metals Inc (AMRK) Stock
A-Mark Precious Metals Inc (NASDAQ:AMRK) CEO Gregory N. Roberts sold 1,600 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $10.92, for a total value of $17,472.00. Following the transaction, the chief executive officer now owns 18,800 shares in the company, valued at approximately $205,296. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of A-Mark Precious Metals Inc (NASDAQ AMRK) traded up $0.27 during mid-day trading on Friday, reaching $11.07. The company’s stock had a trading volume of 14,890 shares, compared to its average volume of 16,981. The company has a quick ratio of 0.34, a current ratio of 1.09 and a debt-to-equity ratio of 0.09. The stock has a market cap of $77.13, a price-to-earnings ratio of 29.19 and a beta of -0.09. A-Mark Precious Metals Inc has a 12 month low of $10.39 and a 12 month high of $20.00.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.49 billion. A-Mark Precious Metals had a return on equity of 4.06% and a net margin of 0.04%. equities research analysts predict that A-Mark Precious Metals Inc will post 0.19 earnings per share for the current year.
AMRK has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded A-Mark Precious Metals from a “sell” rating to a “hold” rating and set a $13.00 target price on the stock in a research report on Friday, February 9th. B. Riley reiterated a “hold” rating and set a $19.00 target price on shares of A-Mark Precious Metals in a research report on Monday, November 13th. decreased their target price on A-Mark Precious Metals from $19.00 to $17.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Finally, ValuEngine lowered A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.95.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in A-Mark Precious Metals by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 290,043 shares of the company’s stock valued at $4,789,000 after purchasing an additional 20,349 shares in the last quarter. Shufro Rose & Co. LLC lifted its holdings in A-Mark Precious Metals by 2.7% in the 3rd quarter. Shufro Rose & Co. LLC now owns 221,550 shares of the company’s stock valued at $3,658,000 after purchasing an additional 5,800 shares in the last quarter. Cove Street Capital LLC lifted its holdings in A-Mark Precious Metals by 23.7% in the 4th quarter. Cove Street Capital LLC now owns 80,000 shares of the company’s stock valued at $1,172,000 after purchasing an additional 15,310 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in A-Mark Precious Metals by 51.0% in the 4th quarter. Wedbush Securities Inc. now owns 38,746 shares of the company’s stock valued at $568,000 after purchasing an additional 13,080 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in A-Mark Precious Metals by 5.9% in the 2nd quarter. Northern Trust Corp now owns 34,386 shares of the company’s stock valued at $564,000 after purchasing an additional 1,902 shares in the last quarter. Institutional investors own 20.17% of the company’s stock.
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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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