Bank of New York Mellon Corp purchased a new stake in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,588 shares of the company’s stock, valued at approximately $180,000. Bank of New York Mellon Corp owned approximately 0.15% of A-Mark Precious Metals at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC boosted its stake in A-Mark Precious Metals by 46.4% in the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock valued at $917,000 after buying an additional 14,900 shares during the last quarter. 19.86% of the stock is owned by hedge funds and other institutional investors.
A-Mark Precious Metals, Inc. (AMRK) remained flat at $16.60 during mid-day trading on Friday. The company had a trading volume of 63 shares. The stock’s 50 day moving average price is $15.58 and its 200-day moving average price is $17.18. A-Mark Precious Metals, Inc. has a 52-week low of $14.75 and a 52-week high of $21.66. The firm has a market cap of $116.71 million, a PE ratio of 17.10 and a beta of 0.13.
A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Tuesday, May 9th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.09. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. A-Mark Precious Metals had a return on equity of 10.08% and a net margin of 0.09%. On average, equities research analysts forecast that A-Mark Precious Metals, Inc. will post $1.14 EPS for the current year.
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 2,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $14.86, for a total transaction of $29,720.00. Following the sale, the chief executive officer now owns 35,956 shares in the company, valued at $534,306.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory N. Roberts sold 3,300 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $15.54, for a total value of $51,282.00. Following the sale, the chief executive officer now owns 42,556 shares in the company, valued at approximately $661,320.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,900 shares of company stock worth $182,907. Company insiders own 43.00% of the company’s stock.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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