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

StockNews.com downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a research note issued to investors on Friday.

AMRK has been the subject of a number of other research reports. DA Davidson lifted their price target on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, April 10th. B. Riley cut their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a buy rating for the company in a research note on Wednesday, February 21st.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $40.12 on Friday. A-Mark Precious Metals has a one year low of $23.14 and a one year high of $42.48. The firm has a market capitalization of $916.74 million, a price-to-earnings ratio of 8.90 and a beta of 0.02. The business has a 50-day simple moving average of $31.17 and a 200 day simple moving average of $29.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32.

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

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’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 owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael R. Wittmeyer sold 22,558 shares of the business’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 transaction, the director now owns 408,225 shares in the company, valued at approximately $10,732,235.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory N. Roberts sold 8,696 shares of the business’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 completion of the transaction, the chief executive officer now owns 28,202 shares in the company, valued at approximately $713,510.60. The disclosure for this sale can be found here. Insiders have sold 53,637 shares of company stock worth $1,396,360 in the last 90 days. Insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of hedge funds have recently modified their holdings of the stock. Secure Asset Management LLC raised its holdings in shares of A-Mark Precious Metals by 2.4% in the 4th quarter. Secure Asset Management LLC now owns 28,890 shares of the company’s stock worth $874,000 after purchasing an additional 675 shares during the period. Deutsche Bank AG raised its holdings in shares of A-Mark Precious Metals by 4.3% in the 3rd quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock worth $821,000 after purchasing an additional 1,165 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of A-Mark Precious Metals in the 4th quarter worth approximately $67,000. SG Americas Securities LLC raised its holdings in shares of A-Mark Precious Metals by 27.4% in the 4th quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock worth $328,000 after purchasing an additional 2,334 shares during the period. Finally, Corton Capital Inc. raised its holdings in shares of A-Mark Precious Metals by 37.1% in the 3rd quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock worth $323,000 after purchasing an additional 2,986 shares during the period. 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.