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

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

A number of other research firms have also recently weighed in on AMRK. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a buy rating in a research report on Wednesday, April 10th. B. Riley reduced their price target on 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.

A-Mark Precious Metals Stock Down 2.0 %

NASDAQ AMRK opened at $40.34 on Tuesday. The stock has a market cap of $921.77 million, a PE ratio of 8.94 and a beta of -0.05. The business has a 50 day moving average price of $33.35 and a two-hundred day moving average price of $29.79. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $42.48. 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 earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.25 billion. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.98%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 17.74%.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other A-Mark Precious Metals news, Director Jess M. Ravich bought 20,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the purchase, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction on Thursday, February 29th. The stock was 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 in the company, valued at $713,510.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,637 shares of company stock valued at $1,396,360. Insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Several institutional investors and hedge funds have recently bought and sold shares of AMRK. SG Americas Securities LLC bought a new position in shares of A-Mark Precious Metals during the third quarter valued at approximately $250,000. Bank of New York Mellon Corp grew its stake in A-Mark Precious Metals by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 140,133 shares of the company’s stock worth $4,110,000 after buying an additional 2,995 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in A-Mark Precious Metals by 1,515.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock worth $2,881,000 after buying an additional 92,139 shares during the period. Yacktman Asset Management LP bought a new stake in A-Mark Precious Metals in the third quarter valued at $1,085,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of A-Mark Precious Metals by 2,596.2% during the third quarter. Nisa Investment Advisors LLC now owns 12,079 shares of the company’s stock valued at $354,000 after acquiring an additional 11,631 shares during the period. Institutional investors and hedge funds 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.