Bank of New York Mellon Corp Acquires New Position in A-Mark Precious Metals, Inc. (AMRK)
Bank of New York Mellon Corp acquired a new position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,588 shares of the company’s stock, valued at approximately $180,000.
Separately, Renaissance Technologies LLC boosted its position in A-Mark Precious Metals by 46.4% in the fourth quarter. Renaissance Technologies LLC now owns 47,000 shares of the company’s stock worth $917,000 after buying an additional 14,900 shares in the last quarter. Institutional investors and hedge funds own 19.86% of the company’s stock.
A-Mark Precious Metals, Inc. (NASDAQ:AMRK) remained flat at $16.60 on Friday. 63 shares of the company’s stock were exchanged. The company has a market capitalization of $116.71 million, a PE ratio of 17.10 and a beta of 0.13. A-Mark Precious Metals, Inc. has a 52-week low of $14.75 and a 52-week high of $21.66. The stock has a 50-day moving average of $15.58 and a 200 day moving average of $17.18.
A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.09. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. A-Mark Precious Metals had a return on equity of 10.08% and a net margin of 0.09%. Equities analysts anticipate that A-Mark Precious Metals, Inc. will post $1.14 earnings per share for the current year.
In related news, CEO Gregory N. Roberts sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $15.78, for a total transaction of $31,560.00. Following the sale, the chief executive officer now owns 39,256 shares in the company, valued at $619,459.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 3,300 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $15.54, for a total transaction of $51,282.00. Following the sale, the chief executive officer now owns 42,556 shares in the company, valued at approximately $661,320.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,900 shares of company stock worth $182,907. 43.00% of the stock is owned by company insiders.
About A-Mark Precious Metals
A-Mark Precious Metals, Inc is a precious metal trading company. The Company is a wholesaler of gold, silver, platinum and palladium bullion and related products, including bars, wafers, grain and coins. It distributes gold and silver coins and bars from sovereign and private mints; provides financing for the purchase of bullion and numismatics; offers storage for bullion, and offers complementary products, such as consignment, customized finance and liquidity programs, such as repurchase (Repo) accounts, and trade quotes in a variety of foreign currencies.
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