A-Mark Precious Metals Executive Sells $682,000 in Company Shares De Investing.com

In a recent transaction dated September 18, Jess M. Ravich, principal at A-Mark Precious Metals, Inc. (NASDAQ: ), sold 15,500 shares of the company’s common stock at a price of $44.0 per share, representing a total sale. value of $682,000.

The sale was made indirectly through the Ravich Revocable Trust in 1989, according to the latest filings. Following this transaction, the trust still owns a significant number of shares totaling 175,000 in A-Mark Precious Metals, Inc. Meanwhile, Ravich’s direct holdings after the sale stand at 143,668 shares.

Investors often monitor insider sales because they can provide insight into an executive’s perspective on the company’s current valuation and future prospects. The sale by a filmmaker like Ravich could be interpreted in different ways, but without additional context, it’s just a snapshot of a single transaction.

A-Mark Precious Metals, based in El Segundo, California, operates in the wholesale jewelry, watches, gemstones and metals sector. The company’s stock trades on NASDAQ under the ticker symbol AMRK.

The transaction was publicly reported via an SEC Form 4, with Carol Meltzer signing on behalf of Jess M. Ravich by proxy on September 19, 2024.

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 or $2.15 after exclusion. a revaluation gain on his investment in Silver Gold Bull. Despite a 19% drop in fourth-quarter revenue to $2.52 billion, A-Mark repurchased $22.4 million of its common stock and ended the year with more than $3 million in direct-to-consumer customers.

DA Davidson recently raised their price target on A-Mark Precious Metals to $47 from $42, maintaining a buy rating on the stock. This revision is based on a multiple of 8.5 times earnings per share estimates from calendar year 2025. The company’s analysis suggests significant upside potential for A-Mark Precious Metals stock.

In terms of recent developments, 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 also faced challenges, including a 25% increase in interest expenses due to higher interest rates and borrowing, and a 54% decline in full-year EBITDA compared to the previous fiscal year.

InvestingPro Insights

As insiders like Jess M. Ravich engage in notable stock trades, it is critical for investors to consider a broader financial context to understand A-Mark Precious Metals, Inc.’s performance and valuation. (NASDAQ:AMRK). Based on recent data from InvestingPro, A-Mark Precious Metals appears to be a company with a mixed financial outlook. The company’s market capitalization is around $1.01 billion, indicating its significant presence in the precious metals industry.

One of InvestingPro’s tips suggests that A-Mark Precious Metals traded at a low earnings valuation multiple, which could signal a potential undervaluation of the company’s stock relative to its revenue generation. This insight could be particularly relevant to investors considering the recent insider selling, as it could indicate a buying opportunity if the market hasn’t fully appreciated the company’s earnings potential.

Another key metric for investors is the company’s gross profit margin, which has been weak, as another InvestingPro tip highlights. With a gross profit margin of 1.79% for the trailing twelve months through Q4 2024, it suggests that A-Mark Precious Metals may face challenges in maintaining profitability relative to its revenues.

Despite these challenges, A-Mark Precious Metals has posted strong returns over various timeframes, with a 19.67% gain over the past month and a 30.19% gain over the past three months. These figures reflect positive investor sentiment and robust near-term performance.

For those looking to delve deeper into A-Mark Precious Metals’ financials, InvestingPro offers additional tips and metrics that can provide more insight into the company’s performance and valuation. There are 11 more InvestingPro Tips available for A-Mark Precious Metals at https://www.investing.com/pro/AMRK that can help investors make more informed decisions.

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