StockNews.com Upgrades A-Mark Precious Metals (NASDAQ:AMRK) to “Hold”

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

Separately, DA Davidson lifted their price target on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.33.

A-Mark Precious Metals Stock Performance

Shares of NASDAQ:AMRK traded down $0.21 during trading on Tuesday, reaching $37.64. The company had a trading volume of 198,107 shares, compared to its average volume of 350,405. The firm has a market capitalization of $872.08 million, a price-to-earnings ratio of 13.69 and a beta of -0.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 0.39. The stock’s fifty day moving average price is $41.85 and its 200 day moving average price is $38.31. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two 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 for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. As a group, equities research analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current year.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,240,888. The trade was 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 4,320 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,240,888. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares in the company, 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. Over the last ninety days, insiders have sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in the second quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after purchasing an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the second quarter valued at $45,000. Strategic Investment Solutions Inc. IL acquired a new position in A-Mark Precious Metals in the third quarter valued at $88,000. Victory Capital Management Inc. acquired a new position in A-Mark Precious Metals in the third quarter valued at $226,000. Finally, Quantbot Technologies LP increased its stake in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after acquiring an additional 4,895 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Company Profile

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.