In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), A-Mark Precious Metals Inc. (NASDAQ:AMRK) reported that Anderson Charles C has picked up 306,338 of common stock as of 2017-03-17.
The acquisition brings the aggregate amount owned by Anderson Charles C to a total of 306,338 representing a 4.4% stake in the company.
For those not familiar with the company, 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. It operates through various business units for accounting purposes, including Industrial, Coin and Bar, Trading, Finance, Collateral Finance Corporation, Transcontinental Depository Services and Logistics. It is an authorized distributor of gold and silver coins for sovereign mints and various private mints. The sovereign mints include the United States Mint, the Australian (Perth) Mint and the Austrian Mint, among others.
A glance at A-Mark Precious Metals Inc. (NASDAQ:AMRK)’s key stats reveals a current market capitalization of 126.93 Million based on 7.03 Million shares outstanding and a price at last close of $18.26 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-14, Lepine picked up 1,000 at a purchase price of $11.08. This brings their total holding to 1,000 as of the date of the filing.
On the sell side, the most recent transaction saw Roberts unload 1,300 shares at a sale price of $19.58. This brings their total holding to 50,156.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on A-Mark Precious Metals Inc. (NASDAQ:AMRK) as things move forward to see if its progress aligns with these transactions.
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