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

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other research analysts also recently issued research reports about the stock. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. B. Riley cut their price target on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st.

A-Mark Precious Metals Price Performance

AMRK stock opened at $38.15 on Tuesday. The stock’s 50 day moving average price is $33.60 and its 200 day moving average price is $29.85. The firm has a market cap of $871.92 million, a P/E ratio of 8.46 and a beta of -0.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $42.48.

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

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now directly owns 408,225 shares in the company, valued at approximately $10,732,235.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jess M. Ravich acquired 20,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the purchase, the director now directly owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. Insiders sold a total of 53,637 shares of company stock valued at $1,396,360 in the last ninety days. Insiders own 23.20% of the company’s stock.

Hedge Funds Weigh In On A-Mark Precious Metals

Several institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at approximately $67,000. Quest Partners LLC acquired a new stake in A-Mark Precious Metals in the 4th quarter valued at about $184,000. Capstone Investment Advisors LLC bought a new position in shares of A-Mark Precious Metals during the 4th quarter valued at about $220,000. Quantbot Technologies LP grew its stake in shares of A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after purchasing an additional 4,895 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in shares of A-Mark Precious Metals in the 4th quarter worth approximately $236,000. 75.25% of the stock is owned by institutional investors.

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.