A-Mark Precious Metals (NASDAQ:AMRK) Downgraded by StockNews.com to Sell

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other research firms also recently issued reports on AMRK. B. Riley cut their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. DA Davidson boosted their target price on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $38.54 on Friday. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $42.48. The firm has a market capitalization of $880.64 million, a price-to-earnings ratio of 8.55 and a beta of 0.02. The business has a 50-day simple moving average of $30.89 and a 200 day simple moving average of $29.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. On average, research analysts anticipate that A-Mark Precious Metals will post 4.33 earnings per share for the current fiscal year.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Michael R. Wittmeyer sold 22,558 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, the director now owns 408,225 shares in the company, valued at $10,732,235.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $713,510.60. The disclosure for this sale can be found here. Insiders have sold 53,637 shares of company stock worth $1,396,360 in the last 90 days. Insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in A-Mark Precious Metals by 34.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after acquiring an additional 51,531 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in A-Mark Precious Metals by 164.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after acquiring an additional 68,320 shares during the period. CWA Asset Management Group LLC raised its holdings in A-Mark Precious Metals by 1.3% during the 4th quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock valued at $12,828,000 after acquiring an additional 5,437 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in A-Mark Precious Metals during the 4th quarter valued at $714,000. Finally, Capstone Investment Advisors LLC bought a new stake in A-Mark Precious Metals during the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.