A-Mark Precious Metals CFO Kathleen Taylor-Simpson Sells Over $1 Million in Stock Via Investing.com

Kathleen Taylor-Simpson, Chief Financial Officer of A-Mark Precious Metals, Inc. (NASDAQ: ), recently sold a significant portion of its shares in the company. According to the latest filings, Taylor-Simpson sold approximately $1,099,380 worth of stock, with individual sale prices ranging from $43.39 to $45.09.

The transactions took place on September 18, 2024 and were disclosed in a Form 4 filed with the Securities and Exchange Commission on September 19, 2024. The sales were made at weighted average prices, the shares sold in multiple transactions at prices that ranged from reported.

In addition to sales, Taylor-Simpson also engaged in option exercises, purchasing shares at prices between $2.74 and $3.1, totaling $70,300. These transactions indicate that the CFO exercised options to purchase shares before selling them. The options exercised were part of a grant covering 30,000 shares, vesting in thirds annually from 2020 to 2022, and another grant covering 5,000 shares, vesting in thirds annually from 2019 to 2021.

Following the reported transactions, Taylor-Simpson’s direct holdings in A-Mark Precious Metals fell significantly, in line with the shares sold. The CFO’s financial moves come as part of the regular stock trading activity that corporate executives engage in and provide insight into insider sentiment about the company’s stock.

Investors often monitor insider trading activity for signals about a company’s prospects and management’s view of a stock’s valuation. The sale of stock by a high-ranking executive such as a CFO may attract attention from the market because it may reflect the executive’s confidence in the company’s future performance.

A-Mark Precious Metals, based in El Segundo, California, is a leading precious metals trading company. It specializes in wholesaling and offers a full range of precious metals services, including financing, leasing, consignment, hedging and a variety of customized financial programs.

For more detailed information regarding the number of shares sold at each price separately in the reported ranges, the reporting person has undertaken to provide complete information upon request to A-Mark Precious Metals, any security holder of A-Mark or company personnel . Securities and Exchange Commission.

In other recent news, A-Mark Precious Metals reported mixed fiscal results for the year ended June 30, 2024. The company’s net income for the fiscal year was $66.2 million, with diluted earnings per share (EPS) of 2 $.75, which was reduced to $2.75. $2.15 after excluding a revaluation gain on its investment in Silver Gold Bull. Despite a 19% drop in fourth-quarter revenue to $2.52 billion, A-Mark ended the year with more than $3 million in direct-to-consumer customers and repurchased $22.4 million of its common stock.

In recent developments, the company is looking at expanding its market, potentially through a shopping center in Singapore, and has made strategic expansions into Asia through the acquisition of LPM and increased investment in Silver Gold Bull Canada. However, A-Mark also faced challenges, including a 25% increase in interest expense due to higher interest and borrowing rates and a 54% decline in full-year EBITDA compared to the previous fiscal year .

DA Davidson showed confidence in A-Mark Precious Metals by raising its price target to $47 from $42, while maintaining a Buy rating on the stock. The firm’s optimism is based on the company’s performance and growth potential despite recent market challenges. The revised target price is based on a multiple of 8.5 times the estimated calendar year 2025 earnings per share.

InvestingPro Insights

Amid recent insider trading activity at A-Mark Precious Metals, Inc. (NASDAQ:AMRK), where CFO Kathleen Taylor-Simpson sold a significant portion of her shares, the market is eager to understand the company’s financial health and performance outlook. . According to InvestingPro data, A-Mark Precious Metals has a market cap of about $996.64 million with a P/E ratio of 14.59, reflecting investor sentiment on the company’s earning power. The company’s revenue for the trailing twelve months of Q4 2024 stands at USD 9699.04 million, showing a growth of 4.44%.

An InvestingPro tip suggests that A-Mark Precious Metals trades at a low earnings valuation multiple, which may be a point of interest for value investors looking for potentially undervalued stocks. Additionally, the company has demonstrated strong profitability over the past three months with a total price return of 27.67%. This performance could indicate underlying strengths in the company’s operations or market positioning.

It’s worth noting that the company’s stock price often moves in the opposite direction of the market, according to another InvestingPro tip. This countertrend could appeal to investors seeking diversification or those wary of market volatility. For those interested in exploring more about A-Mark Precious Metals’ prospects, InvestingPro offers additional advice, providing investors with a comprehensive analysis of the company’s financials and future prospects.

For those looking for additional information, there are 12 additional InvestingPro tips available that can provide a more detailed look at A-Mark Precious Metals’ performance and values. These tips can be accessed by visiting the InvestingPro platform at https://www.investing.com/pro/AMRK.

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