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April 18, 2024
PI Global Investments
Precious Metals

AMRK) CEO Sells 8,696 Shares of Stock


A-Mark Precious Metals, Inc. (NASDAQ:AMRKGet Free Report) CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A-Mark Precious Metals Trading Up 5.1 %

Shares of NASDAQ:AMRK traded up $1.32 during trading on Friday, reaching $27.01. 550,515 shares of the company traded hands, compared to its average volume of 256,662. The firm has a market capitalization of $617.18 million, a price-to-earnings ratio of 5.99 and a beta of 0.01. A-Mark Precious Metals, Inc. has a 52-week low of $23.14 and a 52-week high of $42.11. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average is $27.70 and its 200-day moving average is $29.39.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. As a group, analysts forecast that A-Mark Precious Metals, Inc. will post 4.33 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $0.80 annualized dividend and a yield of 2.96%. A-Mark Precious Metals’s payout ratio is 17.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMRK. American Century Companies Inc. lifted its position in shares of A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock valued at $49,413,000 after buying an additional 150,343 shares in the last quarter. BlackRock Inc. lifted its position in shares of A-Mark Precious Metals by 2.3% during the 2nd quarter. BlackRock Inc. now owns 1,383,817 shares of the company’s stock valued at $51,803,000 after buying an additional 30,514 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after buying an additional 106,842 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of A-Mark Precious Metals by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company’s stock valued at $30,296,000 after buying an additional 6,184 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of A-Mark Precious Metals by 41.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company’s stock valued at $20,275,000 after buying an additional 157,750 shares in the last quarter. 54.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on AMRK. StockNews.com upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. B. Riley decreased their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st.

Read Our Latest Stock Report on AMRK

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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Insider Buying and Selling by Quarter for A-Mark Precious Metals (NASDAQ:AMRK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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