Key Points
- CEO Gregory Roberts sold shares: Roberts sold 3,883 shares on Nov. 21 at an average $26.97 for $104,724.51, trimming his stake by 12.1% to 28,202 shares (≈$760,608), per the SEC filing.
- Earnings miss despite revenue beat: A‑Mark reported $0.20 EPS vs. $0.86 expected while generating $3.68B in revenue (above $2.67B consensus), leaving a razor‑thin net margin of 0.06% and ROE of 6.25%.
- Dividend announced with high payout ratio: The company declared a $0.20 quarterly dividend (annualized $0.80, ~3.0% yield), payable Dec. 2 with an unusually high payout ratio of 285.71%.
A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CEO Gregory Roberts sold 3,883 shares of the business's stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $26.97, for a total transaction of $104,724.51. Following the transaction, the chief executive officer directly owned 28,202 shares of the company's stock, valued at $760,607.94. The trade was a 12.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A-Mark Precious Metals Trading Up 2.0%
Shares of AMRK stock opened at $26.57 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. A-Mark Precious Metals, Inc. has a 12-month low of $19.39 and a 12-month high of $31.07. The stock has a market capitalization of $654.68 million, a P/E ratio of 94.89 and a beta of 0.34. The firm's 50 day moving average is $26.61 and its 200 day moving average is $23.82.
A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its earnings results on Friday, November 7th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates 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. Research analysts expect that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.
A-Mark Precious Metals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Wednesday, November 19th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 19th. A-Mark Precious Metals's dividend payout ratio is 285.71%.
Institutional Trading of A-Mark Precious Metals
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. boosted its stake in shares of A-Mark Precious Metals by 2,692.0% in the first quarter. Raymond James Financial Inc. now owns 241,177 shares of the company's stock worth $6,119,000 after acquiring an additional 232,539 shares during the period. Bridgeway Capital Management LLC lifted its holdings in A-Mark Precious Metals by 288.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 107,264 shares of the company's stock worth $2,721,000 after purchasing an additional 79,624 shares in the last quarter. Nuveen LLC purchased a new position in A-Mark Precious Metals in the 1st quarter worth approximately $6,350,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in A-Mark Precious Metals in the 1st quarter worth approximately $1,524,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in A-Mark Precious Metals by 33.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 330,145 shares of the company's stock valued at $8,376,000 after buying an additional 83,635 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
AMRK has been the subject of several recent research reports. Zacks Research lowered shares of A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. DA Davidson set a $34.00 price target on shares of A-Mark Precious Metals in a research note on Monday, November 17th. Roth Capital raised shares of A-Mark Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of A-Mark Precious Metals in a report on Monday. One equities 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.67.
Read Our Latest Research Report on AMRK
A-Mark Precious Metals Company Profile
(
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.
Further Reading
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