A-Mark Precious Metals CEO Gregory N. Roberts Sells Over $620,000 in Stock Via Investing.com

EL SEGUNDO, CA – Gregory N. Roberts, CEO of A-Mark Precious Metals, Inc. (NASDAQ: ), a leading precious metals trading company, recently sold a significant portion of its shares in the company. On September 19 and 20, Roberts sold a total of 13,320 shares at prices ranging from $43,636 to $44,1028 per share, worth more than $620,000.

The trades were executed in several parts, the largest sale taking place on September 19, when 9,545 shares were sold. Another 3,775 shares were sold the next day. These sales were made at weighted average prices, with the range of individual transaction prices provided in the footnotes to the filing.

In addition to the sales, Roberts purchased a total of 14,320 shares through the exercise of options at $8.4 per share, totaling $120,288. These transactions indicate a strategic rebalancing of Roberts’ holdings in A-Mark Precious Metals.

Following these transactions, Roberts’ direct ownership in the company has adjusted, but he also holds indirect ownership through Silver Bow Ventures, LLC, as noted in the report’s footnotes. Silver Bow Ventures, LLC is 50% owned by Roberts, and Roberts disclaims beneficial ownership of shares held by the entity in excess of his proportionate pecuniary interest.

Investors and followers of A-Mark Precious Metals, Inc. often monitor the buying and selling activities of company insiders, such as Roberts, because they can provide information about the executives’ perspectives on the company’s current valuation and future prospects.

A-Mark Precious Metals, Inc. specializes in the wholesale trade of jewelry, watches, precious stones and metals, serving a diverse customer base that includes collectors, speculators and other professional traders in the precious metals market.

Details of these transactions were made public through the most recent Form 4 filed with the Securities and Exchange Commission. Interested parties can access full transaction details and sale price ranges upon request.

In other recent news, A-Mark Precious Metals has been in the analyst spotlight with both B.Riley and DA Davidson adjusting their price targets. B.Riley raised its target from $33.00 to $44.00, maintaining a neutral rating, due to anticipated growth in demand for gold and silver products. The firm also revised its guidance for the first quarter of fiscal 2025, expecting adjusted EBITDA of $31.6 million and earnings per share (EPS) of $0.91.

On the other hand, DA Davidson raised its price target from $42 to $47, maintaining a buy rating on the stock. This optimism is based on the company’s performance and potential growth despite recent market challenges.

In terms of financial results, A-Mark reported net income of $66.2 million for the fiscal year ended June 30, 2024, with 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.

In terms of strategic moves, A-Mark is considering expanding its market, potentially through a mall 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 such as a 25% increase in interest expenses and a 54% decline in full-year EBITDA compared to the previous fiscal year. Despite these challenges, A-Mark remains optimistic about potential M&A opportunities and sustaining profitability.

InvestingPro Insights

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) has attracted attention not only for CEO Gregory N. Roberts’ recent insider trading, but also for its performance metrics and market positioning. According to InvestingPro data, A-Mark has a market capitalization of approximately $986.77 million, reflecting its position in the precious metals trading industry. The company’s P/E ratio is 14.46, suggesting that investors may find the stock’s earnings valuation attractive compared to industry peers.

One of InvestingPro’s notable A-Mark precious metals tips points out that the company’s share price often moves in the opposite direction of the market. This could be an important consideration for investors looking for hedging or diversification in their portfolio. Additionally, A-Mark trades at a low earnings valuation multiple, which could indicate value investment potential, especially given the company’s strong performance over the past month and three months, with total price returns of 14.62% and 29.44% respectively.

Additionally, A-Mark has demonstrated a solid financial foundation with liquid assets exceeding short-term liabilities, an InvestingPro tip that reassures investors of the company’s near-term financial health. For those interested in exploring more about A-Mark precious metals, InvestingPro offers additional tips and information, with a total of 12 listed on their platform, that could help make more informed investment decisions.

For more detailed analysis and advice, investors can visit https://www.investing.com/pro/AMRK to gain a deeper understanding of the financial health and outlook of the A-Mark Precious Metals market.

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