Key Points
- CEO Gregory Roberts sold 21,000 shares on Nov. 19 at an average price of $25.38 for $532,980, reducing his holding by 42.68% to 28,202 shares (≈$715,767.76).
- Q3 results missed on EPS—A‑Mark reported $0.20 EPS versus $0.86 expected, although revenue beat at $3.68 billion versus $2.67 billion forecast.
- Quarterly dividend of $0.20 was announced (payable Dec. 2), implying a 3.1% yield and a notably high payout ratio of 285.71%.
A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CEO Gregory Roberts sold 21,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $25.38, for a total transaction of $532,980.00. Following the completion of the transaction, the chief executive officer owned 28,202 shares in the company, valued at approximately $715,766.76. This trade represents a 42.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A-Mark Precious Metals Price Performance
Shares of NASDAQ:AMRK opened at $25.95 on Friday. The company has a market capitalization of $639.44 million, a PE ratio of 92.67 and a beta of 0.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 1.37. The stock has a fifty day moving average of $26.66 and a 200-day moving average of $23.74. A-Mark Precious Metals, Inc. has a one year low of $19.39 and a one year high of $31.07.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.66). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $2.67 billion. A-Mark Precious Metals had a return on equity of 6.25% and a net margin of 0.06%. As a group, equities analysts anticipate that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.
A-Mark Precious Metals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Wednesday, November 19th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. A-Mark Precious Metals's payout ratio is 285.71%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on AMRK shares. Zacks Research downgraded A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of A-Mark Precious Metals in a research report on Monday. DA Davidson set a $34.00 target price on shares of A-Mark Precious Metals in a research report on Monday. Finally, Roth Capital upgraded A-Mark Precious Metals to a "strong-buy" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.67.
View Our Latest Stock Report on A-Mark Precious Metals
Hedge Funds Weigh In On A-Mark Precious Metals
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMRK. MassMutual Private Wealth & Trust FSB raised its holdings in A-Mark Precious Metals by 15,414.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,086 shares of the company's stock valued at $28,000 after acquiring an additional 1,079 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of A-Mark Precious Metals by 118.5% during 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $33,000. Jones Financial Companies Lllp acquired a new position in shares of A-Mark Precious Metals in the third quarter valued at $33,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of A-Mark Precious Metals by 624.0% in the second 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. 75.25% of the stock is currently owned by institutional investors.
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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