A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Thursday.
Separately, DA Davidson cut their target price 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, A-Mark Precious Metals currently has a consensus rating of "Hold" and a consensus price target of $46.33.
Read Our Latest Report on A-Mark Precious Metals
A-Mark Precious Metals Stock Performance
Shares of AMRK stock traded down $1.00 on Thursday, hitting $26.05. 558,103 shares of the stock traded hands, compared to its average volume of 350,570. A-Mark Precious Metals has a 1-year low of $24.22 and a 1-year high of $47.39. The company's fifty day moving average is $33.82 and its 200 day moving average is $36.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. The company has a market capitalization of $603.94 million, a PE ratio of 11.09 and a beta of -0.06.
Insiders Place Their Bets
In related news, CEO Gregory N. Roberts sold 4,320 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 28,202 shares of the company's stock, valued at approximately $1,240,888. This represents a 13.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 10,975 shares of the business's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the sale, the director now owns 292,535 shares in the company, valued at approximately $12,666,765.50. The trade was a 3.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.64% of the company's stock.
Hedge Funds Weigh In On A-Mark Precious Metals
A number of institutional investors have recently bought and sold shares of AMRK. Bard Associates Inc. raised its holdings in A-Mark Precious Metals by 0.4% during the third quarter. Bard Associates Inc. now owns 93,411 shares of the company's stock worth $4,125,000 after purchasing an additional 396 shares in the last quarter. Quarry LP grew its holdings in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company's stock worth $36,000 after buying an additional 539 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Empowered Funds LLC lifted its stake in shares of A-Mark Precious Metals by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 16,858 shares of the company's stock valued at $744,000 after purchasing an additional 804 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in A-Mark Precious Metals by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 36,396 shares of the company's stock valued at $1,178,000 after purchasing an additional 1,222 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.
A-Mark Precious Metals Company Profile
(
Get Free Report)
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.
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