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

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

Separately, DA Davidson cut their price target on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $46.33.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK opened at $28.90 on Wednesday. The stock has a market capitalization of $669.90 million, a P/E ratio of 12.30 and a beta of -0.01. The company has a current ratio of 1.66, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The business has a 50-day moving average price of $40.53 and a two-hundred day moving average price of $37.90.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. Equities analysts predict that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Insiders Place Their Bets

In other news, CFO Kathleen Taylor-Simpson sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total value of $1,099,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory N. Roberts sold 4,320 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,240,888. The trade was a 13.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock worth $4,911,036. Company insiders own 48.64% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP boosted 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 buying an additional 539 shares during the period. nVerses Capital LLC bought a new stake in A-Mark Precious Metals in the 2nd quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $88,000. Victory Capital Management Inc. bought a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $226,000. Finally, Fermata Advisors LLC bought a new position in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $232,000. 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.