A-Mark Precious Metals Inc (NASDAQ:AMRK) President Thor Gjerdrum sold 8,333 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $34.36, for a total transaction of $286,321.88. Following the completion of the sale, the president now directly owns 8,333 shares in the company, valued at $286,321.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of A-Mark Precious Metals stock traded down $0.32 on Thursday, reaching $33.40. The company had a trading volume of 69,083 shares, compared to its average volume of 34,921. The firm’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $19.52. The firm has a market cap of $234.97 million, a PE ratio of 7.79 and a beta of -0.19. A-Mark Precious Metals Inc has a 52-week low of $7.47 and a 52-week high of $35.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 1.28.
A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, September 10th. The company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $1.35 by $1.14. A-Mark Precious Metals had a net margin of 0.56% and a return on equity of 36.02%. As a group, sell-side analysts predict that A-Mark Precious Metals Inc will post 3.5 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in AMRK. UBS Group AG increased its stake in A-Mark Precious Metals by 2,007.4% during the 2nd quarter. UBS Group AG now owns 1,981 shares of the company’s stock worth $38,000 after buying an additional 1,887 shares during the period. New York State Common Retirement Fund bought a new stake in shares of A-Mark Precious Metals during the second quarter worth $99,000. Globeflex Capital L P bought a new position in A-Mark Precious Metals in the second quarter valued at about $767,000. Bank of New York Mellon Corp acquired a new position in A-Mark Precious Metals in the second quarter valued at about $245,000. Finally, American International Group Inc. acquired a new position in A-Mark Precious Metals in the second quarter valued at about $57,000. 22.72% of the stock is currently owned by hedge funds and other institutional investors.
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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