A-Mark Precious Metals (NASDAQ:AMRK) Downgraded by Northland Securities to “Market Perform”

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by stock analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, Marketbeat.com reports.

Several other equities research analysts have also recently issued reports on the stock. DA Davidson raised 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 research report on Wednesday, April 10th. StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, B. Riley lowered their price objective on 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.

A-Mark Precious Metals Price Performance

NASDAQ:AMRK opened at $40.86 on Wednesday. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $42.48. The stock has a market cap of $933.86 million, a PE ratio of 9.06 and a beta of -0.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The stock has a 50 day moving average price of $33.91 and a 200 day moving average price of $29.93.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds have recently added to or reduced their stakes in AMRK. Significant Wealth Partners LLC acquired a new position in A-Mark Precious Metals during the 1st quarter worth approximately $1,194,000. Quantbot Technologies LP lifted its holdings in shares of A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of A-Mark Precious Metals in the first quarter valued at approximately $712,000. Pullen Investment Management LLC acquired a new position in A-Mark Precious Metals during the first quarter worth $694,000. Finally, BNP Paribas Financial Markets raised its position in A-Mark Precious Metals by 99.6% in the first quarter. BNP Paribas Financial Markets now owns 34,118 shares of the company’s stock worth $1,047,000 after acquiring an additional 17,023 shares in the last quarter. Institutional investors and hedge funds 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.