A-Mark Precious Metals

A-Mark Precious Metals Announces Quarterly Cash Dividend

Retrieved on: 
Friday, April 5, 2024
A-Mark Precious Metals, Metal

EL SEGUNDO, Calif., April 05, 2024 (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.

Key Points: 
  • EL SEGUNDO, Calif., April 05, 2024 (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 April 29, 2024, to stockholders of record as of April 16, 2024.

A-Mark Precious Metals Direct-to-Consumer Subsidiary JM Bullion Acquires Gold.com Website Domain

Retrieved on: 
Monday, March 11, 2024
Acquisition, LLP, JMB, A-Mark Precious Metals, Duane Morris

EL SEGUNDO, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- JM Bullion, Inc. (JMB), a leading e-commerce retailer of precious metals and wholly-owned subsidiary of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), has acquired the gold.com domain.

Key Points: 
  • EL SEGUNDO, Calif., March 11, 2024 (GLOBE NEWSWIRE) -- JM Bullion, Inc. (JMB), a leading e-commerce retailer of precious metals and wholly-owned subsidiary of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), has acquired the gold.com domain.
  • With this acquisition, JMB now owns both gold.com and silver.com , two of the most recognizable domains in the precious metals industry.
  • “The acquisition of the gold.com domain represents a significant investment in our direct-to-consumer growth strategy,” said JMB CEO Robert Pacelli.
  • “The gold.com domain carries broad global appeal and is an extremely versatile asset that will be incorporated into our long term strategy.

A-Mark to Acquire LPM Group Limited, One of Asia’s Largest Precious Metals Dealers, Representing A-Mark’s Expansion into Asia

Retrieved on: 
Tuesday, February 6, 2024
Growth, EBay, Numismatics, LPM, MCM, Heart, Tax, Interest, Marketing, A-Mark Precious Metals, Line of credit, AMS, Gold, Metal, Acquisition, Letter, LLP

Established in 2012, LPM is one of the largest precious metals wholesalers in Asia.

Key Points: 
  • Established in 2012, LPM is one of the largest precious metals wholesalers in Asia.
  • Headquartered at the heart of Hong Kong's Central Financial District, LPM boasts the city's largest numismatics showroom.
  • “Acquiring LPM will be an important step in growing A-Mark’s international presence, specifically in Asia,” said A-Mark CEO Greg Roberts.
  • The letter of intent further provides that LPM will have a tangible net worth of $11.5 million inclusive of net cash and precious metals inventories.

A-Mark Precious Metals Announces Quarterly Cash Dividend

Retrieved on: 
Friday, January 5, 2024
Metal, A-Mark Precious Metals

EL SEGUNDO, Calif., Jan. 05, 2024 (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.

Key Points: 
  • EL SEGUNDO, Calif., Jan. 05, 2024 (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 29, 2024, to stockholders of record as of January 16, 2024.

A-Mark Precious Metals Increases Share Repurchase Program

Retrieved on: 
Monday, November 20, 2023
Share repurchase, A-Mark Precious Metals, Car rental

EL SEGUNDO, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- The board of directors of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has authorized an increase in the number of shares which may be repurchased under the Company’s existing share repurchase program.

Key Points: 
  • EL SEGUNDO, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- The board of directors of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has authorized an increase in the number of shares which may be repurchased under the Company’s existing share repurchase program.
  • Under the revised program, A-Mark is authorized to repurchase up to 1,221,152 shares of its outstanding common stock, in addition to the 778,848 shares repurchased under the program through November 14, 2023, for a total of 2 million shares.
  • The share repurchase program expires on June 30, 2028.
  • “We continue to view our share repurchase program as an attractive investment opportunity for the Company and another way to deliver value to our shareholders,” said A-Mark CEO Greg Roberts.

A-Mark Precious Metals Reports Fiscal First Quarter 2024 Results

Retrieved on: 
Tuesday, November 7, 2023
Line of credit, Direct, Gold, Insurance, JMB, Policy, EBITDA, A-Mark Precious Metals, Information technology, Securities lending, Silver, Depreciation, Investment, Bank, Real estate, Security (finance), Reinsurance

EL SEGUNDO, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, reported results for the fiscal first quarter ended September 30, 2023.

Key Points: 
  • The Direct-to-Consumer segment contributed 13% and 23% of the consolidated revenue in the fiscal first quarters of 2024 and 2023, respectively.
  • JMB’s revenue represented 12% of the consolidated revenues for the fiscal first quarter of 2024 compared with 20% for the prior year fiscal first quarter.
  • The Direct-to-Consumer segment contributed 43% and 55% of the consolidated gross profit in the fiscal first quarters of 2024 and 2023, respectively.
  • Gross profit contributed by JMB represented 36% of the consolidated gross profit in the fiscal first quarter of 2024 and 48% of the consolidated gross profit for the prior year fiscal first quarter.

A-Mark Strengthens Global Trading Team with Appointment of Roy Friedman as SVP of Trading, Global Precious Metals

Retrieved on: 
Wednesday, October 18, 2023
Knowledge, COMEX, State, Commodity trading advisor, Economics, SVP, MTB, Head, A-Mark Precious Metals, Commodity, Commodity pool operator, Metal, State university system, Financial adviser

EL SEGUNDO, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has appointed Roy Friedman to serve as senior vice president (SVP) of trading, global precious metals, effective September 29, 2023.

Key Points: 
  • EL SEGUNDO, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has appointed Roy Friedman to serve as senior vice president (SVP) of trading, global precious metals, effective September 29, 2023.
  • Friedman brings to A-Mark four decades of experience in precious metals trading, in addition to being a well-respected industry commentator.
  • "We're excited to welcome Roy back to the A-Mark team,” said Kevin Pelo, executive vice president and head of global trading for A-Mark.
  • “With over 40 years of experience in the precious metals industry, Roy’s appointment further strengthens A-Mark's position as an industry leader.

A-Mark Precious Metals Announces Quarterly Cash Dividend

Retrieved on: 
Thursday, July 6, 2023
A-Mark Precious Metals, Metal, Holding company

EL SEGUNDO, Calif., July 06, 2023 (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.

Key Points: 
  • EL SEGUNDO, Calif., July 06, 2023 (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 July 28, 2023, to stockholders of record as of July 17, 2023.

A-Mark Precious Metals Promotes Robert Pacelli to CEO of JM Bullion

Retrieved on: 
Tuesday, June 6, 2023
Pennsylvania State University, Pacelli, EBay, JMB, A-Mark Precious Metals, EBay Enterprise, Growth, Mark Clouse, Metal, Commerce, Management, Science, Marketing

EL SEGUNDO, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has promoted JM Bullion, Inc. (“JMB”) President Robert Pacelli to Chief Executive Officer of the subsidiary, effective July 1, 2023.

Key Points: 
  • EL SEGUNDO, Calif., June 06, 2023 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has promoted JM Bullion, Inc. (“JMB”) President Robert Pacelli to Chief Executive Officer of the subsidiary, effective July 1, 2023.
  • Pacelli will succeed Michael Wittmeyer, who will continue as a consultant to A-Mark and as a member of A-Mark’s board of directors.
  • Pacelli has nearly 20 years of experience in ecommerce operations, merchandising, digital marketing, and procurement.
  • During his tenure, Pacelli was instrumental in establishing JMB as one of the nation’s premier online retailers of precious metals, generating nearly $2 billion in revenue during fiscal year 2022, and accumulating over two million customers.

A-Mark Precious Metals Increases Share Repurchase Program and Extends Expiration Date

Retrieved on: 
Monday, June 5, 2023
Mark Hurd, Share repurchase, A-Mark Precious Metals

EL SEGUNDO, Calif., June 05, 2023 (GLOBE NEWSWIRE) -- The board of directors of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has authorized an increase in the number of shares which may be repurchased under the Company’s existing share repurchase program and extended the expiration date of the program from June 30, 2023 to June 30, 2028.

Key Points: 
  • EL SEGUNDO, Calif., June 05, 2023 (GLOBE NEWSWIRE) -- The board of directors of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has authorized an increase in the number of shares which may be repurchased under the Company’s existing share repurchase program and extended the expiration date of the program from June 30, 2023 to June 30, 2028.
  • Under the revised program, A-Mark is authorized to repurchase up to 1,000,000 shares of its outstanding common stock, in addition to the 335,735 shares repurchased under the program as of March 31, 2023.
  • “The increased authorization underscores the strength of our fully integrated platform and the board’s confidence in our ability to continue investing for the long term, while opportunistically creating shareholder value through our repurchase program,” said A-Mark CEO Greg Roberts.
  • The stock repurchase program may be modified, suspended, or terminated at any time.