A-Mark Precious Metals (NASDAQ:AMRK) Downgraded 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 research report issued 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 boosted their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

A-Mark Precious Metals Price Performance

AMRK stock opened at $38.54 on Friday. The firm has a 50 day moving average price of $30.89 and a 200-day moving average price of $29.17. A-Mark Precious Metals has a 52-week low of $23.14 and a 52-week high of $42.48. The firm has a market capitalization of $880.64 million, a price-to-earnings ratio of 8.55 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86.

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. Equities research analysts forecast that A-Mark Precious Metals will post 4.33 EPS for the current fiscal year.

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, 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 completion of the sale, the director now owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. 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

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at $67,000. Quest Partners LLC bought a new position in A-Mark Precious Metals in the 4th quarter worth $184,000. Capstone Investment Advisors LLC bought a new position in A-Mark Precious Metals in the 4th quarter worth $220,000. Raymond James & Associates bought a new position in A-Mark Precious Metals in the 4th quarter worth $236,000. Finally, SG Americas Securities LLC bought a new position in A-Mark Precious Metals in the 3rd quarter worth $250,000. 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.