Bullish indicating open at $55-$60, IPO prices at $37
Nicholas D. Gerber, Chief Executive Officer of Marygold Companies, Inc. (NASDAQ:MGLD), has recently acquired a significant amount of the company’s stock. According to a recent SEC filing, the Nicholas & Melinda Gerber Living Trust purchased 47,600 shares of Marygold’s common stock on February 14, 2025, at an average price of $1.101 per share. This transaction amounts to a total investment of $52,407.
Following this purchase, the trust now holds 18,590,773 shares in the company. The acquisition reflects a continued commitment to the company by its leadership, as Gerber maintains direct ownership of the shares. According to InvestingPro analysis, while MGLD maintains strong liquidity with a current ratio of 2.77, the company faces profitability challenges. Additional insights, including 6 exclusive ProTips and comprehensive financial metrics, are available to InvestingPro subscribers.
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