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

StockNews.com upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a report released on Tuesday.

Separately, DA Davidson lifted their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the company a buy rating in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $47.67.

A-Mark Precious Metals Trading Up 0.6 %

Shares of A-Mark Precious Metals stock opened at $44.99 on Tuesday. 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 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The company has a market capitalization of $1.03 billion, a P/E ratio of 13.80 and a beta of -0.05. The company’s fifty day moving average is $38.93 and its two-hundred day moving average is $36.48.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. Analysts forecast that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is 24.54%.

Insider Activity at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 4,320 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals 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 $1,240,888. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,281,498.88. The disclosure for this sale can be found here. Insiders sold 110,316 shares of company stock worth $4,911,036 over the last 90 days. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of A-Mark Precious Metals by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after buying an additional 106,842 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of A-Mark Precious Metals by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock worth $31,865,000 after buying an additional 6,544 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of A-Mark Precious Metals by 17.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after buying an additional 67,452 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in A-Mark Precious Metals by 1.3% in the fourth quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock valued at $12,828,000 after purchasing an additional 5,437 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in A-Mark Precious Metals by 34.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after purchasing an additional 51,531 shares during the period. 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.