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

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

Separately, DA Davidson upped their price target on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, A-Mark Precious Metals presently has a consensus rating of “Hold” and an average target price of $49.33.

A-Mark Precious Metals Stock Performance

Shares of A-Mark Precious Metals stock opened at $44.60 on Wednesday. The stock has a market cap of $1.02 billion, a PE ratio of 13.68 and a beta of -0.05. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $47.39. 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 business has a fifty day simple moving average of $39.68 and a 200-day simple moving average of $37.05.

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

Insider Buying and Selling at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now directly owns 190,500 shares in the company, valued at approximately $8,702,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 22,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $1,281,498.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,316 shares of company stock worth $4,911,036. Insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in 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 buying an additional 17,023 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of A-Mark Precious Metals in the first quarter valued at about $712,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at about $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 acquiring an additional 64,221 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of A-Mark Precious Metals in the second quarter valued at about $5,702,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.