A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Lowered by 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 research note issued to investors on Friday.

Separately, DA Davidson reduced their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.33.

A-Mark Precious Metals Price Performance

NASDAQ AMRK opened at $29.74 on Friday. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39. The stock has a 50-day moving average of $39.03 and a 200 day moving average of $37.52. 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 company has a market capitalization of $689.37 million, a price-to-earnings ratio of 12.66 and a beta of -0.01.

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

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 on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. This trade represents a 3.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. This represents a 43.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,316 shares of company stock worth $4,911,036 in the last 90 days. 48.64% of the stock is currently owned by corporate insiders.

Institutional Trading of A-Mark Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in A-Mark Precious Metals by 349.0% during the 3rd quarter. Barclays PLC now owns 28,536 shares of the company’s stock valued at $1,259,000 after purchasing an additional 22,181 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the third quarter valued at approximately $26,000. Geode Capital Management LLC grew its stake in shares of A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock valued at $19,072,000 after buying an additional 22,087 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of A-Mark Precious Metals in the third quarter worth approximately $418,000. Finally, Epacria Capital Partners LLC lifted its stake in shares of A-Mark Precious Metals by 31.3% during the 3rd quarter. Epacria Capital Partners LLC now owns 16,600 shares of the company’s stock worth $733,000 after acquiring an additional 3,955 shares during the last quarter. Hedge funds and other 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.