A-Mark Precious Metals (NASDAQ:AMRK) Raised to “Hold” at StockNews.com

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, DA Davidson decreased their target price on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, A-Mark Precious Metals has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Stock Down 0.7 %

A-Mark Precious Metals stock opened at $27.05 on Thursday. The firm has a 50 day moving average price of $33.82 and a two-hundred day moving average price of $36.33. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. The firm has a market cap of $627.13 million, a price-to-earnings ratio of 11.51 and a beta of -0.06.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the sale, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. The trade was a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 4,320 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total transaction of $190,080.00. Following the completion of the transaction, 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. 48.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of A-Mark Precious Metals by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 164,580 shares of the company’s stock valued at $5,327,000 after purchasing an additional 10,673 shares during the period. CMC Financial Group purchased a new stake in shares of A-Mark Precious Metals during the second quarter worth $1,812,000. Nations Financial Group Inc. IA ADV bought a new position in shares of A-Mark Precious Metals in the second quarter worth $1,233,000. TrueMark Investments LLC purchased a new position in shares of A-Mark Precious Metals in the second quarter valued at $450,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter valued at $363,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.