A-Mark Precious Metals Inc (NASDAQ:AMRK), a full-service precious metals trading company and an official distributor for all the major sovereign Mints, has reported an insider purchase that signals confidence in the company's stock. According to a recent SEC Filing, Director Jess Ravich acquired 20,000 shares of the company on February 27, 2024.
The insider's trades over the past year show a strong inclination towards buying, with Jess Ravich purchasing a total of 20,000 shares and selling none. This latest transaction further reinforces the insider's investment in the company.
The insider transaction history for A-Mark Precious Metals Inc reveals a pattern of insider activity. Over the past year, there has been a total of 1 insider buy and 13 insider sells. Despite the higher number of sells, the recent purchase by the insider may be seen as a positive sign.
On the day of the insider's recent acquisition, shares of A-Mark Precious Metals Inc were trading at $25.63, giving the company a market cap of $590.105 million. The price-earnings ratio of the stock stands at 5.74, which is significantly lower than the industry median of 18.34 and also below the company's historical median price-earnings ratio.
The stock's valuation relative to the GuruFocus Value also suggests an opportunity for investors. With a share price of $25.63 and a GuruFocus Value of $33.69, A-Mark Precious Metals Inc has a price-to-GF-Value ratio of 0.76, indicating that the stock is Modestly Undervalued according to this metric.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above provides a visual representation of the insider buying and selling activities over time, offering investors a snapshot of insider sentiment.
The GF Value image above illustrates the stock's current price relative to its estimated intrinsic value, further informing investors about the potential value opportunity in A-Mark Precious Metals Inc's shares.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
