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

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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 research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Price Performance

AMRK stock opened at $30.44 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 1.63. The stock’s 50 day moving average price is $41.50 and its 200 day moving average price is $38.17. The firm has a market cap of $705.29 million, a P/E ratio of 12.95 and a beta of -0.01. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 11.16% and a net margin of 0.57%. On average, sell-side analysts expect that A-Mark Precious Metals will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling at A-Mark Precious Metals

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in A-Mark Precious Metals by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock worth $31,865,000 after purchasing an additional 6,544 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of A-Mark Precious Metals in the third quarter worth $11,741,000. Driehaus Capital Management LLC acquired a new stake in A-Mark Precious Metals in the second quarter valued at $5,702,000. Bank of New York Mellon Corp boosted its stake in A-Mark Precious Metals by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,580 shares of the company’s stock valued at $5,327,000 after acquiring an additional 10,673 shares during the last quarter. Finally, Bard Associates Inc. grew its holdings in A-Mark Precious Metals by 0.4% during the 3rd quarter. Bard Associates Inc. now owns 93,411 shares of the company’s stock worth $4,125,000 after acquiring an additional 396 shares in the last quarter. 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.