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

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

Separately, DA Davidson dropped their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Price Performance

Shares of AMRK stock opened at $29.74 on Friday. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. 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 fifty day simple moving average of $39.03 and a two-hundred day simple moving average of $37.52. The stock has a market capitalization of $689.37 million, a price-to-earnings ratio of 12.66 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data 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). The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.64 billion. A-Mark Precious Metals had a return on equity of 10.93% and a net margin of 0.57%. On average, analysts predict that A-Mark Precious Metals will post 3.54 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael R. Wittmeyer sold 25,841 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $1,146,048.35. Following the transaction, the director now directly owns 292,535 shares in the company, valued at $12,973,927.25. The trade was a 8.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kathleen Taylor-Simpson sold 25,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $43.98, for a total value of $1,099,500.00. 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. Corporate insiders own 48.64% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently bought and sold shares of AMRK. Hobbs Group Advisors LLC purchased a new stake in A-Mark Precious Metals during the 3rd quarter valued at about $26,000. Quarry LP boosted its position 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 buying an additional 539 shares during the last quarter. nVerses Capital LLC acquired a new position in A-Mark Precious Metals in the 2nd quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $88,000. Finally, Victory Capital Management Inc. acquired a new stake in A-Mark Precious Metals during the 3rd quarter valued at approximately $226,000. Hedge funds and other 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.