A-Mark Precious Metals Inc (AMRK) CEO Sells $58,278.00 in Stock

A-Mark Precious Metals Inc (NASDAQ:AMRK) CEO Gregory N. Roberts sold 3,300 shares of the company’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $17.66, for a total transaction of $58,278.00. Following the completion of the transaction, the chief executive officer now owns 49,156 shares in the company, valued at $868,094.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of A-Mark Precious Metals Inc (NASDAQ:AMRK) opened at 17.23 on Tuesday. The firm has a market capitalization of $121.14 million, a P/E ratio of 17.73 and a beta of 0.19. A-Mark Precious Metals Inc has a 52 week low of $14.02 and a 52 week high of $22.00. The firm’s 50-day moving average is $19.10 and its 200-day moving average is $17.67.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results on Tuesday, February 7th. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.13. A-Mark Precious Metals had a return on equity of 10.48% and a net margin of 0.10%. Equities analysts anticipate that A-Mark Precious Metals Inc will post $1.20 EPS for the current year.

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

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A number of brokerages have issued reports on AMRK. B. Riley reiterated a “neutral” rating and set a $18.75 price objective on shares of A-Mark Precious Metals in a research note on Wednesday, March 22nd. Singular Research reiterated a “buy” rating and set a $24.30 price objective (up from $20.00) on shares of A-Mark Precious Metals in a research note on Friday, March 10th. TheStreet upgraded shares of A-Mark Precious Metals from a “d+” rating to a “c+” rating in a research note on Tuesday, March 14th. Zacks Investment Research downgraded shares of A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Finally, Goldman Sachs Group Inc upgraded shares of A-Mark Precious Metals from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, March 2nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.68.

Several large investors have recently added to or reduced their stakes in AMRK. Granite Investment Partners LLC boosted its stake in A-Mark Precious Metals by 7.1% in the third quarter. Granite Investment Partners LLC now owns 131,625 shares of the company’s stock worth $2,112,000 after buying an additional 8,691 shares during the last quarter. Renaissance Technologies LLC boosted its stake in A-Mark Precious Metals by 46.4% in the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock worth $917,000 after buying an additional 14,900 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in A-Mark Precious Metals during the fourth quarter worth approximately $910,000. Institutional investors own 19.29% of the company’s stock.

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.

5 Day Chart for NASDAQ:AMRK

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