On September 18, 2024, Michael Wittmeyer, Director at A-Mark Precious Metals Inc (AMRK, Financial), executed a sale of 34,183 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 292,535 shares of A-Mark Precious Metals Inc.
A-Mark Precious Metals Inc is a full-service precious metals trading company offering a wide array of products and services. Its products include gold, silver, platinum, and palladium for storage and delivery in the form of coins, bars, wafers, and grain. The company operates through various segments, including wholesale trading & ancillary services, securing storage, and direct sales.
Over the past year, Michael Wittmeyer has sold a total of 214,832 shares and has not made any purchases of the company's stock. The insider transaction history for A-Mark Precious Metals Inc shows a trend with 19 insider sells and only 2 insider buys over the past year, indicating more insider selling than buying in recent months.
Shares of A-Mark Precious Metals Inc were trading at $44.57 on the day of the transaction. The company has a market cap of approximately $993.884 million. The price-earnings ratio of the stock is 15.30, which is lower than the industry median of 17.92.
The stock's valuation, according to the GF Value, is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.23. The GF Value of $36.14 is based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This recent insider sell might provide investors with context about how executives at A-Mark Precious Metals Inc view the stock's current valuation and future prospects.
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.
