A-Mark Precious Metals, Inc. (NASDAQ:AMRK – Get Rating) CEO Gregory N. Roberts sold 10,000 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $79.58, for a total value of $795,800.00. Following the completion of the sale, the chief executive officer now directly owns 10,300 shares of the company’s stock, valued at approximately $819,674. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ AMRK traded down $2.31 during trading hours on Friday, hitting $77.69. 150,532 shares of the company’s stock were exchanged, compared to its average volume of 116,901. The company has a current ratio of 1.43, a quick ratio of 0.46 and a debt-to-equity ratio of 0.21. A-Mark Precious Metals, Inc. has a 1-year low of $42.20 and a 1-year high of $89.19. The firm has a 50-day moving average of $75.57. The stock has a market cap of $894.52 million, a price-to-earnings ratio of 6.38 and a beta of -0.45.
A-Mark Precious Metals’s stock is scheduled to split before the market opens on Tuesday, June 7th. The 2-1 split was announced on Tuesday, June 7th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 7th.
A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $8.84 earnings per share. As a group, equities research analysts forecast that A-Mark Precious Metals, Inc. will post 10.43 EPS for the current year.
Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in A-Mark Precious Metals in the third quarter valued at approximately $26,000. Dorsey Wright & Associates bought a new position in shares of A-Mark Precious Metals in the fourth quarter valued at approximately $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of A-Mark Precious Metals in the first quarter valued at approximately $61,000. New York State Teachers Retirement System bought a new position in shares of A-Mark Precious Metals in the first quarter valued at approximately $62,000. Finally, Royal Bank of Canada lifted its holdings in shares of A-Mark Precious Metals by 45.3% in the third quarter. Royal Bank of Canada now owns 985 shares of the company’s stock valued at $59,000 after purchasing an additional 307 shares in the last quarter. 43.08% of the stock is owned by hedge funds and other institutional investors.
AMRK has been the subject of several recent research reports. Northland Securities increased their price target on A-Mark Precious Metals from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Investment Research raised A-Mark Precious Metals from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research note on Tuesday, May 10th. Finally, StockNews.com assumed coverage on A-Mark Precious Metals in a research note on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $89.25.
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.
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 [email protected]
Before you consider A-Mark Precious Metals, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and A-Mark Precious Metals wasn’t on the list.
While A-Mark Precious Metals currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.