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

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

Separately, DA Davidson raised their price target on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday. One 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.com, A-Mark Precious Metals presently has an average rating of “Hold” and an average target price of $49.33.

A-Mark Precious Metals Stock Up 0.6 %

AMRK opened at $44.43 on Wednesday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 13.63 and a beta of -0.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The firm’s 50-day simple moving average is $39.24 and its 200-day simple moving average is $36.83. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $47.39.

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

Insider Activity

In related news, Director Michael R. Wittmeyer sold 25,841 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the sale, the director now owns 292,535 shares of the company’s stock, valued at $12,973,927.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Michael R. Wittmeyer sold 25,841 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the transaction, the director now owns 292,535 shares in the company, valued at $12,973,927.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at $1,281,498.88. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock valued at $4,911,036 over the last three months. 23.20% of the stock is owned by insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP raised its position in shares of A-Mark Precious Metals by 94.1% during the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares during the last quarter. nVerses Capital LLC bought a new stake in A-Mark Precious Metals in the second quarter valued at about $45,000. Quantbot Technologies LP lifted its stake in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the period. Riverwater Partners LLC boosted its holdings in A-Mark Precious Metals by 10.6% during the second quarter. Riverwater Partners LLC now owns 9,229 shares of the company’s stock worth $299,000 after buying an additional 881 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth about $308,000. 75.25% of the stock is owned by institutional investors.

About A-Mark Precious Metals

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.