A-Mark Precious Metals Stock Scheduled to Split on Tuesday, June 7th (NASDAQ:AMRK)
Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) are set to split on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, June 7th.
Shares of A-Mark Precious Metals stock opened at $63.24 on Friday. The stock’s fifty day moving average is $75.43. The firm has a market capitalization of $727.89 million, a price-to-earnings ratio of 5.22 and a beta of -0.45. The company has a quick ratio of 0.46, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. A-Mark Precious Metals has a 12-month low of $42.20 and a 12-month high of $89.19.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last posted 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 quarter last year, the business earned $8.84 EPS. As a group, equities analysts anticipate that A-Mark Precious Metals will post 10.43 earnings per share for the current fiscal year.
AMRK has been the topic of several recent analyst reports. Northland Securities initiated coverage on A-Mark Precious Metals in a research report on Tuesday, April 19th. They set an “outperform” rating and a $105.00 price target on the stock. StockNews.com started coverage on A-Mark Precious Metals in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research upgraded A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a research note on Tuesday, May 10th. One 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $85.50.
In related news, Director Beverley Lepine sold 500 shares of the business’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $73.54, for a total transaction of $36,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey D. Benjamin sold 5,209 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $70.30, for a total value of $366,192.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,233 shares of company stock valued at $2,975,497. 25.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Dorsey Wright & Associates acquired a new position in A-Mark Precious Metals in the 4th quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in A-Mark Precious Metals in the 1st quarter valued at approximately $61,000. New York State Teachers Retirement System acquired a new position in A-Mark Precious Metals in the 1st quarter valued at approximately $62,000. Finally, Royal Bank of Canada raised its holdings in A-Mark Precious Metals by 45.3% in the 3rd quarter. Royal Bank of Canada now owns 985 shares of the company’s stock valued at $59,000 after acquiring an additional 307 shares in the last quarter. 43.08% of the stock is owned by institutional investors and hedge funds.
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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