Key Points
- CEO Gregory Roberts sold 20,000 shares at an average of $26.37 for $527,400, reducing his ownership by 41.49% to 28,202 shares (about $743,687 post-sale).
- The company reported Q3 EPS of $0.20, missing the $0.86 consensus while beating revenue expectations with $3.68 billion, and showing a very slim net margin of 0.06%.
- A quarterly dividend of $0.20 (annualized $0.80, ~2.9% yield) was declared, but the payout ratio is a high 285.71%, suggesting the dividend may be unsustainably large relative to earnings.
A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Get Free Report) CEO Gregory Roberts sold 20,000 shares of the business's stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $26.37, for a total transaction of $527,400.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares of the company's stock, valued at approximately $743,686.74. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A-Mark Precious Metals Stock Performance
A-Mark Precious Metals stock opened at $27.27 on Thursday. A-Mark Precious Metals, Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $31.07. The company has a market capitalization of $672.04 million, a PE ratio of 97.39 and a beta of 0.34. The company has a 50 day moving average price of $26.62 and a 200-day moving average price of $23.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.58 and a current ratio of 1.37.
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 for the quarter, missing the consensus estimate of $0.86 by ($0.66). The firm had revenue of $3.68 billion during the quarter, compared to analysts' expectations 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 forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current year.
A-Mark Precious Metals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Wednesday, November 19th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 19th. A-Mark Precious Metals's payout ratio is presently 285.71%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on AMRK. Roth Capital raised A-Mark Precious Metals to a "strong-buy" rating in a research report on Wednesday, September 10th. DA Davidson set a $34.00 target price on shares of A-Mark Precious Metals in a report on Monday, November 17th. Weiss Ratings reissued a "hold (c-)" rating on shares of A-Mark Precious Metals in a research report on Monday. Finally, Zacks Research downgraded shares of A-Mark Precious Metals from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.67.
Get Our Latest Stock Analysis on A-Mark Precious Metals
Institutional Investors Weigh In On A-Mark Precious Metals
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 acquiring an additional 1,079 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of A-Mark Precious Metals by 118.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,311 shares of the company's stock valued at $29,000 after acquiring an additional 711 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at approximately $33,000. Jones Financial Companies Lllp purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter valued at approximately $33,000. Finally, Tower Research Capital LLC TRC boosted its stake in 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 worth $48,000 after purchasing an additional 1,847 shares in the last quarter. 75.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
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