Key Points
- CEO Gregory Roberts sold 18,000 shares at an average price of $25.10 for $451,800, leaving him with 28,202 shares and a reported 38.96% reduction in ownership.
- Quarterly results showed a sharp EPS miss — $0.20 EPS vs. a $0.86 consensus — despite revenue beating expectations at $3.68 billion versus $2.67 billion expected.
- Company declared a $0.20 quarterly dividend (annualized $0.80, ~3.1% yield) with an ex-dividend date of Nov. 19 and a payout ratio of 285.71%.
A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CEO Gregory Roberts sold 18,000 shares of the business's stock in a transaction on Friday, November 14th. The shares were sold at an average price of $25.10, for a total value of $451,800.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares of the company's stock, valued at $707,870.20. This trade represents a 38.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
A-Mark Precious Metals Stock Up 0.9%
Shares of NASDAQ:AMRK opened at $25.62 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.58 and a debt-to-equity ratio of 0.42. The firm has a market cap of $631.28 million, a price-to-earnings ratio of 91.50 and a beta of 0.34. The stock's 50-day moving average price is $26.61 and its two-hundred day moving average price is $23.71. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $31.07.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.66). A-Mark Precious Metals had a net margin of 0.06% and a return on equity of 6.25%. The company had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, research analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current year.
A-Mark Precious Metals Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Wednesday, November 19th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals's dividend payout ratio (DPR) is presently 285.71%.
Institutional Trading of A-Mark Precious Metals
A number of hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of A-Mark Precious Metals by 15,414.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company's stock worth $28,000 after buying an additional 1,079 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in A-Mark Precious Metals during the 3rd quarter worth $33,000. State of Alaska Department of Revenue bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth about $33,000. PNC Financial Services Group Inc. increased its position in shares of A-Mark Precious Metals by 118.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company's stock worth $29,000 after purchasing an additional 711 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of A-Mark Precious Metals by 624.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company's stock valued at $48,000 after purchasing an additional 1,847 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on AMRK shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of A-Mark Precious Metals in a research note on Monday. DA Davidson set a $34.00 price target on shares of A-Mark Precious Metals in a report on Monday. Roth Capital raised shares of A-Mark Precious Metals to a "strong-buy" rating in a research note on Wednesday, September 10th. Finally, Zacks Research cut shares of A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.67.
Read Our Latest Stock Analysis on AMRK
About A-Mark Precious Metals
(
Get Free Report)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through 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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