A-Mark Precious Metals (NASDAQ:AMRK) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a report published on Wednesday morning.

Separately, DA Davidson cut their price objective 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 analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Stock Down 0.6 %

NASDAQ AMRK opened at $30.25 on Wednesday. The business has a fifty day moving average price of $41.31 and a 200 day moving average price of $38.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 1.66. The company has a market cap of $701.20 million, a P/E ratio of 12.87 and a beta of -0.01. A-Mark Precious Metals has a one year low of $24.22 and a one year high of $47.39.

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

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. A-Mark Precious Metals’s payout ratio is 34.04%.

Insider Buying and Selling

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the transaction, the director now directly owns 292,535 shares in the company, valued at $12,973,927.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 25,841 shares of A-Mark Precious Metals stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $1,146,048.35. Following the sale, the director now owns 292,535 shares in the company, valued at $12,973,927.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now owns 190,500 shares of the company’s stock, valued at approximately $8,702,040. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Institutional investors have recently made changes to their positions in the stock. Cynosure Group LLC acquired a new position in shares of A-Mark Precious Metals in the 3rd quarter worth approximately $373,000. FMR LLC raised its stake in A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after buying an additional 1,143,125 shares in the last quarter. D.A. Davidson & CO. lifted its stake in A-Mark Precious Metals by 6.4% during the third quarter. D.A. Davidson & CO. now owns 28,740 shares of the company’s stock worth $1,269,000 after purchasing an additional 1,738 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $453,000. Finally, Algert Global LLC acquired a new position in A-Mark Precious Metals in the third quarter valued at $2,029,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

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.