A-Mark Precious Metals Inc (AMRK) President Sells $49,165.60 in Stock

A-Mark Precious Metals Inc (NASDAQ:AMRK) President Thor Gjerdrum sold 4,070 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $12.08, for a total transaction of $49,165.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Thor Gjerdrum also recently made the following trade(s):

  • On Wednesday, November 28th, Thor Gjerdrum sold 1,500 shares of A-Mark Precious Metals stock. The stock was sold at an average price of $11.95, for a total transaction of $17,925.00.
  • On Monday, November 26th, Thor Gjerdrum sold 1,000 shares of A-Mark Precious Metals stock. The stock was sold at an average price of $12.01, for a total transaction of $12,010.00.

AMRK opened at $12.24 on Tuesday. The company has a market cap of $85.14 million, a PE ratio of 151.38 and a beta of 0.06. The company has a current ratio of 1.23, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. A-Mark Precious Metals Inc has a twelve month low of $10.39 and a twelve month high of $15.80.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.13. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.72 billion. A-Mark Precious Metals had a positive return on equity of 0.79% and a negative net margin of 0.03%. As a group, analysts anticipate that A-Mark Precious Metals Inc will post 0.64 earnings per share for the current year.

AMRK has been the topic of a number of recent analyst reports. TheStreet cut A-Mark Precious Metals from a “c” rating to a “d+” rating in a report on Monday, September 24th. Zacks Investment Research cut A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Finally, B. Riley reaffirmed a “neutral” rating and set a $16.50 price target (up previously from $16.00) on shares of A-Mark Precious Metals in a report on Monday, September 17th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of A-Mark Precious Metals by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 317,884 shares of the company’s stock valued at $4,221,000 after buying an additional 4,805 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of A-Mark Precious Metals by 36.9% during the third quarter. Wedbush Securities Inc. now owns 86,733 shares of the company’s stock valued at $1,129,000 after buying an additional 23,382 shares during the last quarter. Finally, Cannell Capital LLC raised its holdings in shares of A-Mark Precious Metals by 66.7% during the second quarter. Cannell Capital LLC now owns 12,500 shares of the company’s stock valued at $166,000 after buying an additional 5,000 shares during the last quarter. 19.81% of the stock is currently owned by institutional investors.

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About A-Mark Precious Metals

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.

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