A-Mark Precious Metals (NASDAQ:AMRK) Rating Lowered to Sell at 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 note issued to investors on Tuesday.

Several other research analysts have also commented on the company. DA Davidson lifted their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. B. Riley lowered their target price on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st.

A-Mark Precious Metals Stock Down 2.0 %

NASDAQ:AMRK traded down $0.82 during midday trading on Tuesday, hitting $40.34. 498,455 shares of the company were exchanged, compared to its average volume of 361,912. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $42.48. The company has a market capitalization of $921.77 million, a PE ratio of 8.94 and a beta of -0.05. The company has a fifty day simple moving average of $33.35 and a 200 day simple moving average of $29.79.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. As a group, equities analysts anticipate that A-Mark Precious Metals will post 4.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael R. Wittmeyer sold 22,558 shares of the company’s 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 completion of the sale, the director now owns 408,225 shares in the company, valued at $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 stock was purchased at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the transaction, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.29, for a total value of $593,049.82. Following the transaction, the director now owns 408,225 shares in the company, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is owned by company insiders.

Institutional Trading of A-Mark Precious Metals

Institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new position in A-Mark Precious Metals in the fourth quarter worth $67,000. Quest Partners LLC acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at about $184,000. Capstone Investment Advisors LLC purchased a new position in A-Mark Precious Metals in the fourth quarter valued at about $220,000. Quantbot Technologies LP lifted its position in shares of A-Mark Precious Metals by 192.5% during the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after acquiring an additional 4,895 shares during the period. Finally, Raymond James & Associates purchased a new stake in shares of A-Mark Precious Metals during the 4th quarter worth approximately $236,000. 75.25% of the stock is currently owned by hedge funds and other 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.