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

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

Separately, DA Davidson lowered their price target 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 given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Trading Down 0.6 %

AMRK opened at $29.74 on Friday. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The firm has a 50-day moving average price of $39.37 and a two-hundred day moving average price of $37.60. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $689.49 million, a PE ratio of 12.66 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. As a group, equities analysts anticipate that A-Mark Precious Metals will post 3.54 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is 34.04%.

Insider Buying and Selling

In related news, Director Jess M. Ravich sold 14,500 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the transaction, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. This trade represents a 7.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. The trade was a 43.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,316 shares of company stock valued at $4,911,036 in the last 90 days. 48.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in A-Mark Precious Metals by 1,714.4% in the third quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after buying an additional 1,143,125 shares in the last quarter. Vanguard Group Inc. increased its holdings in A-Mark Precious Metals by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,038,275 shares of the company’s stock worth $31,865,000 after buying an additional 6,544 shares during the last quarter. Geode Capital Management LLC increased its holdings in A-Mark Precious Metals by 5.4% during the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company’s stock worth $19,072,000 after buying an additional 22,087 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in A-Mark Precious Metals during the third quarter worth $11,741,000. Finally, Driehaus Capital Management LLC acquired a new position in A-Mark Precious Metals during the second quarter worth $5,702,000. 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.