A-Mark Precious Metals, Inc. (NASDAQ:AMRK) CEO Gregory N. Roberts sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $15.78, for a total transaction of $31,560.00. Following the sale, the chief executive officer now owns 39,256 shares in the company, valued at $619,459.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) traded up 0.52% during midday trading on Monday, hitting $15.50. The stock had a trading volume of 17,194 shares. The company has a 50-day moving average price of $16.19 and a 200-day moving average price of $17.96. The stock has a market cap of $108.98 million, a P/E ratio of 15.96 and a beta of 0.16. A-Mark Precious Metals, Inc. has a 52 week low of $14.02 and a 52 week high of $21.66.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.09. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. A-Mark Precious Metals had a return on equity of 10.08% and a net margin of 0.09%. Equities analysts expect that A-Mark Precious Metals, Inc. will post $1.14 EPS for the current year.
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A number of analysts have recently issued reports on AMRK shares. B. Riley reiterated a “neutral” rating and issued a $18.75 price objective on shares of A-Mark Precious Metals in a report on Wednesday, March 22nd. Zacks Investment Research raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. TheStreet raised shares of A-Mark Precious Metals from a “d+” rating to a “c+” rating in a research note on Tuesday, March 14th. Singular Research reaffirmed a “buy” rating and set a $24.30 price objective (up from $20.00) on shares of A-Mark Precious Metals in a research report on Friday, March 10th. Finally, Goldman Sachs Group, Inc. (The) raised shares of A-Mark Precious Metals from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, March 2nd. Two research 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. A-Mark Precious Metals presently has an average rating of “Buy” and a consensus price target of $20.68.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in A-Mark Precious Metals during the first quarter valued at $180,000. JPMorgan Chase & Co. increased its position in A-Mark Precious Metals by 13.4% in the first quarter. JPMorgan Chase & Co. now owns 15,470 shares of the company’s stock valued at $264,000 after buying an additional 1,829 shares during the last quarter. Wedbush Securities Inc. purchased a new position in A-Mark Precious Metals during the first quarter valued at $282,000. Geode Capital Management LLC increased its position in A-Mark Precious Metals by 3.0% in the first quarter. Geode Capital Management LLC now owns 20,218 shares of the company’s stock valued at $345,000 after buying an additional 590 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in A-Mark Precious Metals during the fourth quarter valued at $910,000. Institutional investors own 19.86% of the company’s stock.
A-Mark Precious Metals Company Profile
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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