A-Mark Precious Metals declares a quarterly dividend of $0.20 per share, payable January 28, 2025.
Quiver AI Summary
A-Mark Precious Metals, Inc. has announced a quarterly cash dividend of $0.20 per share, consistent with its current dividend program. The dividend will be paid on January 28, 2025, to stockholders on record as of January 14, 2025. Founded in 1965, A-Mark operates as a fully integrated precious metals platform, offering products like gold, silver, platinum, and palladium through various channels, including wholesale sales, direct-to-consumer, and secured lending. The company serves a diverse global customer base and features a range of subsidiaries and online platforms to enhance its retail presence. A-Mark's operations include significant relationships with mints worldwide and various value-added services related to precious metal storage and processing.
Potential Positives
- A-Mark Precious Metals has declared a quarterly cash dividend of $0.20 per share, demonstrating financial stability and a commitment to returning value to shareholders.
- The dividend declaration indicates the maintenance of the company’s current dividend program, reflecting confidence in ongoing financial performance and cash flow management.
- The upcoming dividend payment is scheduled for January 28, 2025, providing shareholders with a clear timeline for expected returns.
Potential Negatives
- The press release highlights multiple potential risks and uncertainties that could negatively impact the company's future performance, including failure to execute growth strategies and increased competition for higher-margin services.
- Forward-looking statements indicate that actual results may differ materially due to various factors, creating uncertainty for investors regarding the company's stability and growth.
- The declaration of a quarterly cash dividend may signal limited available capital for reinvestment in growth opportunities, which could affect long-term performance.
FAQ
What is A-Mark Precious Metals known for?
A-Mark Precious Metals is a leading fully integrated precious metals platform offering various bullion and numismatic products.
When will the dividend be paid to stockholders?
The quarterly cash dividend of $0.20 per share will be paid on January 28, 2025.
Who is eligible to receive the dividend from A-Mark?
Stockholders of record as of January 14, 2025, are eligible to receive the dividend.
What services does A-Mark provide through its subsidiaries?
A-Mark offers services like managed storage, online trading, and secured lending through its subsidiaries.
Where is A-Mark Precious Metals located?
A-Mark is headquartered in El Segundo, California, with additional offices in several U.S. locations and Hong Kong.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMRK Insider Trading Activity
$AMRK insiders have traded $AMRK stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.
Here’s a breakdown of recent trading of $AMRK stock by insiders over the last 6 months:
- JEFFREY D BENJAMIN has traded it 6 times. They made 0 purchases and 6 sales, selling 200,000 shares.
- MICHAEL R. WITTMEYER has traded it 6 times. They made 0 purchases and 6 sales, selling 120,000 shares.
- GREGORY N ROBERTS (Chief Executive Officer) has traded it 9 times. They made 0 purchases and 9 sales, selling 49,000 shares.
- KATHLEEN TAYLOR-SIMPSON (Chief Financial Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 25,000 shares.
- JESS M RAVICH has traded it 2 times. They made 0 purchases and 2 sales, selling 30,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMRK Hedge Fund Activity
We have seen 95 institutional investors add shares of $AMRK stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 1,143,125 shares (+1714.4%) to their portfolio in Q3 2024
- INVESCO LTD. removed 668,265 shares (-80.5%) from their portfolio in Q3 2024
- VANGUARD GROUP INC added 301,546 shares (+29.8%) to their portfolio in Q3 2024
- FLAT FOOTED LLC removed 279,537 shares (-100.0%) from their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC removed 241,261 shares (-16.6%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 225,703 shares (+248.9%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 210,390 shares (-56.8%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
EL SEGUNDO, Calif., Jan. 03, 2025 (GLOBE NEWSWIRE) --
A-Mark Precious Metals,
Inc.
(NASDAQ: AMRK) (A-Mark)
, a leading fully integrated precious metals platform, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the company's current dividend program. The dividend is payable on January 28, 2025, to stockholders of record as of January 14, 2025.
About A-Mark Precious Metals
Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated precious metals platform that offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers via a portfolio of channels. The company conducts its operations through three complementary segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The company’s global customer base spans sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, e-commerce customers, and other retail customers.
A-Mark’s Wholesale Sales & Ancillary Services segment distributes and purchases precious metal products from sovereign and private mints. As a U.S. Mint-authorized purchaser of gold, silver, and platinum coins since 1986, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has longstanding distributorships with other sovereign mints, including Australia, Austria, Canada, China, Mexico, South Africa, and the United Kingdom. The company sells more than 200 different products to e-commerce retailers, coin and bullion dealers, financial institutions, brokerages, and collectors. In addition, A-Mark sells precious metal products to industrial users, including metal refiners, manufacturers, and electronic fabricators.
A-Mark’s consolidated subsidiary, LPM Group Limited (LPM), is one of Asia’s largest precious metals dealers. LPM operates a consumer-facing showroom in Hong Kong’s Central Financial District, and offers a wide selection of products to its wholesale customers through its 24/7 online trading platform, including recently released silver coins, gold bullion, certified coins, and the latest collectible numismatic issues.
Through its A-M Global Logistics subsidiary, A-Mark provides its customers with a range of complementary services, including managed storage options for precious metals as well as receiving, handling, inventorying, processing, packaging, and shipping of precious metals and coins on a secure basis. A-Mark’s mint operations, which are conducted through its wholly owned subsidiary Silver Towne Mint, enable the company to offer customers a wide range of proprietary coin and bar offerings and, during periods of market volatility when the availability of silver bullion from sovereign mints is often product constrained, preferred product access.
A-Mark’s Direct-to-Consumer segment operates as an omni-channel retailer of precious metals, providing access to a multitude of products through its wholly owned subsidiaries, JM Bullion and Goldline. JMB owns and operates numerous websites targeting specific niches within the precious metals retail market, including JMBullion.com, ProvidentMetals.com, Silver.com, CyberMetals.com, GoldPrice.org, SilverPrice.org, BGASC.com, BullionMax.com, and Gold.com. Goldline markets precious metals directly to the investor community through various channels, including television, radio, and telephonic sales efforts. A-Mark is the majority owner of Silver Gold Bull, a leading online precious metals retailer in Canada, and also holds minority ownership interests in three additional direct-to-consumer brands.
The company operates its Secured Lending segment through its wholly owned subsidiary, Collateral Finance Corporation (CFC). Founded in 2005, CFC is a California licensed finance lender that originates and acquires loans secured by bullion and numismatic coins. Its customers include coin and precious metal dealers, investors, and collectors.
A-Mark is headquartered in El Segundo, CA and has additional offices and facilities in the neighboring Los Angeles area as well as in Dallas, TX, Las Vegas, NV, Winchester, IN, Vienna, Austria, and Hong Kong. For more information, visit www.amark.com.
A-Mark periodically provides information for investors on its corporate website, www.amark.com, and its investor relations website, ir.amark.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.
Important Cautions Regarding Forward-Looking Statements
Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements relating to expectations regarding the dividend declaration and the amount or timing of any future dividends. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: the failure to execute the Company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater than anticipated costs incurred to execute this strategy; government regulations that might impede growth, particularly in Asia; the inability to successfully integrate recently acquired businesses; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metals markets but also has posed certain risks and uncertainties for the Company, particularly in recent periods; potential adverse effects of the current problems in the national and global supply chains; increased competition for the Company’s higher margin services, which could depress pricing; the failure of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally; potential negative effects that inflationary pressure may have on our business; the inability of the Company to expand capacity at Silver Towne Mint; the failure of our investee companies to maintain, or address the preferences of, their customer bases; general risks of doing business in the commodity markets; and the strategic, business, economic, financial, political and governmental risks and other Risk Factors described in in the Company’s public filings with the Securities and Exchange Commission.
The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
Company Contact:
Steve Reiner, Executive Vice President, Capital Markets & Investor Relations
A-Mark Precious Metals, Inc.
1-310-587-1410
sreiner@amark.com
Investor Relations Contact:
Matt Glover, Greg Bradbury
Gateway Group, Inc.
1-949-574-3860
AMRK@gatewayir.com
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