A-Mark Precious Metals
 | This page in a nutshell: Precious metals trading company |
A-Mark Precious Metals (founded in 1965 as A Mark Coin Company)[2] is a precious metals trading company. It was the first company allowed to make and sell coins from the metals recovered in the shipwreck of Template:SS.[2] A-Mark is traded on Nasdaq and is a Fortune 500 company as of 2021.[3]
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| Company type | Public |
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| Headquarters | 2121 Rosecrans Avenue, Suite 6300, El Segundo, CA 90245[1] |
Key people | Gregory Roberts (CEO) Thor Gjerdrum (President) |
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| Owners | Publicly held |
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| Subsidiaries | Collateral Finance Corporation (CFC) Goldline International JM Bullion |
| Website | amark.com |
History
Greg Manning Auctions Inc. bought a majority stake in A-Mark for $16 million in 2005.[4] Thereafter, the firm changed its name to Escala Group,[5] then to Spectrum Group International Inc.[6] In 2009, it purchased the remainder of A-Mark.[2] In 2014, Spectrum spun off A-Mark so that it could be publicly traded.[2] A-Mark acquired Goldline International in 2017.[citation needed]
Corporate affairs
As of 2021, A-Mark stock is in held by institutional investors (43%), the general public (29%) and private companies (7%). Individual insiders hold about 21%.[7]
Financial results
Following its initial public offering A-Mark has grown its revenue from US$5.9 billion in 2015 to US7.6 billion in 2021. The following list is an overview of the main financial results from recent years:[8]
| Data | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| Net revenue (in million) | $6,989 | $7,606 | $4,783 | $5,416 | $7,613 |
| Gross profit (in million) | $31.33 | $29.44 | $31.96 | $66.97 | $210.20 |
References
- ↑ 1.0 1.1 "About A-Mark". https://www.amark.com/about-amark. Retrieved 24 June 2017.
- ↑ 2.0 2.1 2.2 2.3 2.4 White, Ronald (6 Jul 2014). "A-Mark Precious Metals may profit from increased awareness". Los Angeles Times. http://www.latimes.com/business/la-fi-stock-spotlight-amark-20140707-story.html. Retrieved 24 June 2017.
- ↑ "A-Mark Precious Metals | 2021 Fortune 500" (in en). https://fortune.com/company/a-mark-precious-metals/fortune500/.
- ↑ "Greg Manning Auctions Buys A-Mark" (in en-US). Los Angeles Times. 2005-07-19. ISSN 0458-3035. https://www.latimes.com/archives/la-xpm-2005-jul-19-fi-manning19-story.html.
- ↑ "UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK". https://www.sec.gov/litigation/complaints/2009/comp20965.pdf.
- ↑ "Spectrum Group International Inc SPGZ Board" (in en). https://investorshub.advfn.com/~/Spectrum-Group-International-Inc-SPGZ-6709/.
- ↑ "What Is The Ownership Structure Like For A-Mark Precious Metals, Inc. (NASDAQ:AMRK)?" (in en-US). https://finance.yahoo.com/news/ownership-structure-mark-precious-metals-123937506.html.
- ↑ "AMRK.O - A-Mark Precious Metals Inc Financials | Reuters" (in en). https://www.reuters.comundefined/.[permanent dead link]