A-Mark Precious Metals, Inc. (NASDAQ:) has reported a series of stock transactions by Chief Executive Officer Gregory N. Roberts, according to recent SEC filings. On September 16 and 17, Roberts executed sales of company stock totaling over $1.2 million.
The transactions involved the sale of 22,000 shares at prices ranging from $44.26 to $46.4731, with the total value of the sales reaching approximately $1,220,881. The sales occurred in multiple transactions at varying prices. Specifically, 9,271 shares were sold at a weighted average price of $44.4031, with prices ranging from $43.94 to $44.905. Another batch of 2,729 shares was sold at an average of $45.1408, ranging from $44.97 to $45.29. The largest single sale was of 10,000 shares at an average price of $46.4731, with a price range from $46.13 to $46.92. An additional 5,000 shares were sold the following day at an average price of $44.26, with prices ranging from $43.99 to $44.515.
In addition to the sales, Roberts also acquired shares through the exercise of options. The CEO exercised options to buy a total of 30,000 shares of A-Mark Precious Metals common stock at a set price of $8.4 per share, amounting to a total purchase value of $226,800.
These transactions have been publicly disclosed as per regulatory requirements, providing investors with insight into the executive’s trading activities. The filings indicate that Roberts continues to hold a significant amount of A-Mark Precious Metals stock both directly and indirectly through family-owned entities.
Investors often monitor insider buying and selling as it can provide valuable signals about an executive’s perspective on the company’s current valuation and future prospects. The detailed information about the number of shares sold at each separate price within the reported ranges is available upon request to A-Mark Precious Metals, any security holder of A-Mark, or the staff of the Securities and Exchange Commission.
In other recent news, A-Mark Precious Metals reported mixed fiscal results for the year ending June 30, 2024, with a net income of $66.2 million and diluted earnings per share (EPS) of $2.75. Excluding a re-measurement gain from its investment in Silver Gold Bull, the diluted EPS stood at $2.15. Despite a 19% decrease in fourth-quarter revenues to $2.52 billion, the company ended the year with over $3 million direct-to-consumer customers and repurchased $22.4 million of its common stock.
DA Davidson has raised its price target for A-Mark Precious Metals to $47 from $42, maintaining a Buy rating on the stock. The firm’s optimism is based on the company’s performance and potential for growth, citing increased market volatility, which is expected to benefit the company’s profits, and potential long-term opportunities through mergers and acquisitions.
In terms of recent developments, A-Mark is considering expanding its market reach, potentially through a trading hub in Singapore. The company also made strategic expansions into Asia with the acquisition of LPM and increased its investment in Silver Gold Bull Canada. However, it faced challenges including a 25% increase in interest expenses due to higher interest rates and borrowing, and a 54% decrease in full-year EBITDA compared to the previous fiscal year.
InvestingPro Insights
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has been navigating the market with some noteworthy financial metrics, as per the latest data from InvestingPro. With a market capitalization of $1.02 billion and a P/E ratio of 15.04, A-Mark Precious Metals stands as a company of considerable size in its sector. However, when adjusted for the last twelve months as of Q4 2024, the P/E ratio shows a slight increase to 17.78, which could indicate a change in earnings or investor sentiment.
One of the InvestingPro Tips suggests that A-Mark’s stock price often moves in the opposite direction of the market, which could be an important consideration for investors seeking to diversify their portfolios or hedge against market movements. Additionally, the company’s liquid assets surpassing short-term obligations is a positive sign of financial health, which can provide some reassurance to investors regarding the company’s ability to manage its short-term liabilities.
From a valuation perspective, A-Mark is trading at a low revenue valuation multiple, which, according to another InvestingPro Tip, could indicate that the stock is undervalued based on its revenue figures. The company’s revenue for the last twelve months as of Q4 2024 is reported at $9.699 billion, with a growth of 4.44%. This growth, coupled with the low revenue valuation multiple, might be a signal for potential investors that the company’s stock could be a bargain at its current price.
For those interested in exploring more about A-Mark Precious Metals, additional InvestingPro Tips are available, providing deeper analysis and insights. There are a total of 12 tips listed on the InvestingPro platform, which can be accessed for further detailed information about the company’s financial health and stock performance.
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