A-Mark Precious Metals (NASDAQ:AMRK) Cut to Sell at StockNews.com

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

Other equities analysts have also issued reports about the stock. B. Riley decreased their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a buy rating for the company in a report on Wednesday, February 21st. DA Davidson lifted their target price on shares of 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.

A-Mark Precious Metals Price Performance

Shares of NASDAQ AMRK opened at $40.12 on Friday. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.48. The firm has a market cap of $916.74 million, a P/E ratio of 8.90 and a beta of 0.02. The company has a 50 day moving average of $31.17 and a 200 day moving average of $29.25. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.

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

A-Mark Precious Metals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 17.74%.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the sale, the director now directly owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,637 shares of company stock valued at $1,396,360. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of A-Mark Precious Metals by 34.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 201,108 shares of the company’s stock valued at $6,172,000 after acquiring an additional 51,531 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of A-Mark Precious Metals by 164.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 109,960 shares of the company’s stock valued at $3,326,000 after buying an additional 68,320 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of A-Mark Precious Metals by 1.3% during the 4th quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock valued at $12,828,000 after buying an additional 5,437 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter valued at $714,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter valued at $220,000. 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.