A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a report released on Wednesday morning.

Separately, DA Davidson boosted their price target on shares of A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a buy rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $49.33.

A-Mark Precious Metals Price Performance

AMRK opened at $44.02 on Wednesday. The stock’s 50-day moving average price is $39.79 and its 200 day moving average price is $37.23. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $47.39. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 13.50 and a beta of -0.04. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. As a group, sell-side analysts expect that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is presently 24.54%.

Insider Activity at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gregory N. Roberts sold 7,680 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $44.03, for a total transaction of $338,150.40. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,241,734.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock valued at $4,911,036 over the last 90 days. 23.20% of the stock is owned by corporate insiders.

Institutional Trading of A-Mark Precious Metals

Several institutional investors have recently modified their holdings of AMRK. SG Americas Securities LLC grew its position in shares of A-Mark Precious Metals by 54.1% in the 3rd quarter. SG Americas Securities LLC now owns 6,562 shares of the company’s stock valued at $290,000 after buying an additional 2,305 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the second quarter worth about $308,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of A-Mark Precious Metals by 123.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after purchasing an additional 51,460 shares during the last quarter. Quarry LP increased its position in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of A-Mark Precious Metals in the 2nd quarter valued at about $5,702,000. 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.