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

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

Other equities research analysts also recently issued research reports about the company. DA Davidson upped their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. B. Riley decreased their price target on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, February 21st.

A-Mark Precious Metals Trading Down 5.4 %

AMRK opened at $38.15 on Tuesday. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $42.48. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $33.60 and a two-hundred day moving average price of $29.85. The stock has a market capitalization of $871.92 million, a PE ratio of 8.46 and a beta of -0.05.

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

Insider Activity at A-Mark Precious Metals

In other news, Director Michael R. Wittmeyer sold 22,383 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the sale, the director now directly owns 453,283 shares in the company, valued at $11,812,554.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael R. Wittmeyer sold 22,383 shares of A-Mark Precious Metals stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total value of $583,300.98. Following the sale, the director now owns 453,283 shares of the company’s stock, valued at $11,812,554.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $713,510.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is owned by insiders.

Institutional Trading of A-Mark Precious Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of A-Mark Precious Metals during the 4th quarter worth about $67,000. Quest Partners LLC bought a new position in A-Mark Precious Metals during the fourth quarter worth about $184,000. Capstone Investment Advisors LLC acquired a new position in A-Mark Precious Metals during the fourth quarter worth approximately $220,000. Quantbot Technologies LP raised its stake in A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the period. Finally, Raymond James & Associates acquired a new stake in shares of A-Mark Precious Metals in the fourth quarter valued at approximately $236,000. 75.25% of the stock is owned by institutional investors.

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.