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.
COPYRIGHT VIOLATION WARNING: “A-Mark Precious Metals Inc (AMRK) CEO Sells $58,278.00 in Stock” was originally reported by Mideast Time and is the sole property of of Mideast Time. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.mideasttime.com/a-mark-precious-metals-inc-amrk-ceo-sells-58278-00-in-stock/1590373.html.
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.
Receive News & Ratings for A-Mark Precious Metals Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A-Mark Precious Metals Inc and related companies with MarketBeat.com's FREE daily email newsletter.