A-Mark Precious Metals (NASDAQ:AMRK) Rating Increased 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 report released on Tuesday.

Separately, DA Davidson increased their price target on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.67.

A-Mark Precious Metals Stock Up 0.2 %

Shares of NASDAQ AMRK traded up $0.08 during mid-day trading on Tuesday, hitting $42.95. The company had a trading volume of 265,498 shares, compared to its average volume of 373,486. The company has a market capitalization of $981.62 million, a PE ratio of 13.17 and a beta of -0.05. The business’s 50-day simple moving average is $38.63 and its 200 day simple moving average is $36.37. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34.

A-Mark Precious Metals (NASDAQ:AMRK) last released its 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 13.72% and a net margin of 0.68%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, analysts predict that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on 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 owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following the transaction, the director now directly owns 190,500 shares in the company, valued at $8,702,040. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,316 shares of company stock worth $4,911,036. 23.20% of the stock is owned by insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of A-Mark Precious Metals by 99.6% during the 1st quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after purchasing an additional 17,023 shares in the last quarter. GSA Capital Partners LLP purchased a new position in A-Mark Precious Metals during the first quarter worth $712,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter worth $714,000. Evergreen Capital Management LLC lifted its position in shares of A-Mark Precious Metals by 359.3% in the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after acquiring an additional 64,221 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth about $535,000. 75.25% of the stock is owned by institutional investors and hedge funds.

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.