A-Mark Precious Metals (NASDAQ:AMRK) Cut to “Sell” at StockNews.com

StockNews.com cut shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a report published on Wednesday morning.

Separately, DA Davidson lifted their price target on A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a buy rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals has an average rating of Hold and a consensus target price of $49.33.

A-Mark Precious Metals Stock Performance

AMRK opened at $44.02 on Wednesday. The company has a market cap of $1.01 billion, a P/E ratio of 13.50 and a beta of -0.04. The company has a quick ratio of 0.39, a current ratio of 1.63 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $39.79 and its 200-day moving average price is $37.23. A-Mark Precious Metals has a 52-week low of $23.14 and a 52-week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. As a group, equities analysts anticipate that A-Mark Precious Metals will post 4.29 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 24.54%.

Insider Buying and Selling

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the sale, the director now directly owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,281,498.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Wittmeyer sold 10,975 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the transaction, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,316 shares of company stock valued at $4,911,036 over the last 90 days. Insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMRK. BNP Paribas Financial Markets boosted its stake in shares of A-Mark Precious Metals by 99.6% during the 1st 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. GSA Capital Partners LLP purchased a new position in A-Mark Precious Metals during the first quarter worth approximately $712,000. Campbell & CO Investment Adviser LLC acquired a new stake in A-Mark Precious Metals in the fourth quarter valued at approximately $714,000. Evergreen Capital Management LLC increased its position in shares of A-Mark Precious Metals by 359.3% in the second quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after buying an additional 64,221 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth approximately $5,702,000. 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.