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

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Other research analysts also recently issued reports about the stock. B. Riley decreased their target price on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. DA Davidson boosted their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock traded down $0.82 on Tuesday, reaching $40.34. 498,455 shares of the stock were exchanged, compared to its average volume of 361,912. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.48. The business has a 50 day moving average price of $33.35 and a two-hundred day moving average price of $29.79. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $921.77 million, a price-to-earnings ratio of 8.94 and a beta of -0.05.

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

Insider Activity at A-Mark Precious Metals

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

Institutional Trading of A-Mark Precious Metals

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

About A-Mark Precious Metals

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.