A-Mark Precious Metals Inc (NASDAQ:AMRK) major shareholder William A. Richardson acquired 8,900 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was acquired at an average price of $12.50 per share, for a total transaction of $111,250.00. Following the acquisition, the insider now owns 265,088 shares in the company, valued at approximately $3,313,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ AMRK opened at $13.11 on Wednesday. The stock has a market capitalization of $91.54 million, a P/E ratio of -218.50 and a beta of 0.04. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 0.10. A-Mark Precious Metals Inc has a 52-week low of $10.39 and a 52-week high of $16.95.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Tuesday, September 18th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. A-Mark Precious Metals had a negative return on equity of 0.62% and a negative net margin of 0.04%. As a group, research analysts forecast that A-Mark Precious Metals Inc will post 0.36 earnings per share for the current fiscal year.
AMRK has been the topic of a number of recent analyst reports. TheStreet downgraded A-Mark Precious Metals from a “c” rating to a “d+” rating in a report on Monday, September 24th. ValuEngine raised A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised A-Mark Precious Metals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, B. Riley reissued a “neutral” rating and issued a $16.50 target price (up from $16.00) on shares of A-Mark Precious Metals in a research report on Monday, September 17th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. A-Mark Precious Metals presently has an average rating of “Hold” and a consensus price target of $15.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cannell Capital LLC boosted its position in shares of A-Mark Precious Metals by 66.7% in the 2nd quarter. Cannell Capital LLC now owns 12,500 shares of the company’s stock valued at $166,000 after purchasing an additional 5,000 shares during the period. Wedbush Securities Inc. boosted its position in shares of A-Mark Precious Metals by 6.6% in the 2nd quarter. Wedbush Securities Inc. now owns 63,351 shares of the company’s stock valued at $841,000 after purchasing an additional 3,896 shares during the period. Shufro Rose & Co. LLC boosted its position in shares of A-Mark Precious Metals by 3.2% in the 2nd quarter. Shufro Rose & Co. LLC now owns 245,850 shares of the company’s stock valued at $3,265,000 after purchasing an additional 7,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of A-Mark Precious Metals by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 313,079 shares of the company’s stock valued at $3,835,000 after purchasing an additional 10,916 shares during the period. 18.25% of the stock is owned by hedge funds and other institutional investors.
A-Mark Precious Metals Company Profile
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.
Further Reading: Intrinsic Value and Stock Selection
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