A-Mark Precious Metals CEO Sells More Than $338,000 in Company Shares by Investing.com

In a recent move that caught the market’s attention, Gregory N. Roberts, CEO of A-Mark Precious Metals, Inc. (NASDAQ: ), sold a significant amount of the company’s stock. The transaction, which took place on September 18, 2024, involved the sale of 7,200 shares at an average price of $43.96 and another 480 shares at an average price of $45.0495. The total value of the shares sold amounts to over $338,135.

The sales took place in multiple trades, with prices for the larger lot ranging from $43.64 to $44.58, and for the smaller lot from $44.945 to $45.11. This information is derived from a weighted average sale price as reported in the SEC filing footnotes, indicating that the shares were sold at various prices during the specified ranges.

In addition to the sales, Roberts also acquired shares through the exercise of options. A total of 7,680 shares were exercised at a fixed price of $8.4, for a transaction value of $64,512. These transactions resulted in a change in Roberts’ direct ownership of the company’s common stock.

Investors often watch insider trades because they can provide insight into executives’ outlook on the company’s future. A-Mark Precious Metals, a wholesaler of jewelry, watches, precious stones and metals, has not made any official statement regarding the transactions made by its CEO.

The transactions were disclosed in a Form 4 filed with the Securities and Exchange Commission on September 20, 2024. Roberts’ post-trade holdings and transaction details, including the exercise of options, are now public records for investors to review.

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

As for analysts, B.Riley revised up its FY2025 Q1 forecasts for A-Mark, expecting adjusted EBITDA of $31.6 million and EPS of $0.91. The firm also raised their price target on shares of A-Mark to $44.00, up from the previous $33.00, while maintaining a Neutral rating on the stock. Similarly, DA Davidson raised its price target on A-Mark to $47 from $42, maintaining a Buy rating on the stock.

In terms of growth, A-Mark is considering expanding its market, potentially through a mall in Singapore. The company also expanded into Asia with the acquisition of LPM and increased its investment in Silver Gold Bull Canada. Despite challenges such as a 25% increase in interest expense and a 54% decline in full-year EBITDA, A-Mark remains optimistic about potential M&A opportunities and maintaining profitability.

InvestingPro Insights

The recent sale by A-Mark Precious Metals, Inc. CEO Gregory N. Roberts has put the company’s financials and market performance in the spotlight. An analysis of real-time data from InvestingPro reveals a mixed financial landscape for AMRK. The company’s P/E ratio is moderate at 14.65, suggesting that the stock may be reasonably valued relative to earnings. However, the adjusted P/E ratio for the trailing twelve months of Q4 2024 is slightly higher at 17.39, indicating a potential increase in valuation expectations.

In terms of profitability, AMRK showed some positive signs. The company’s gross profit for the trailing twelve months of Q4 2024 was $173.25 million with a gross profit margin of 1.79%. Although gross profit margins are considered weak, which is a point of concern according to one of InvestingPro Tips, it is worth noting that the company’s liquid assets exceed short-term liabilities, suggesting financial stability.

From a market performance perspective, AMRK has had a strong return over the past month with a 19.87% increase in share price and an even more impressive three-month total price return of 28.17%. This performance is consistent with another InvestingPro Tip that highlights the tendency for stocks to sometimes move in the opposite direction of the market.

For investors who want additional information, there are additional InvestingPro Tips available for AMRK, which include profitability forecasts for the current year and a historical perspective of a high return over the past decade. To explore these prospects in more detail, investors can visit InvestingPro’s dedicated A-Mark Precious Metals section at: https://www.investing.com/pro/AMRK.

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