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

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) was downgraded by equities researchers 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 target on 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 issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, A-Mark Precious Metals has an average rating of "Hold" and a consensus price target of $46.33.

A-Mark Precious Metals Stock Down 0.6 %

NASDAQ:AMRK traded down $0.17 during trading hours on Friday, reaching $29.74. 231,836 shares of the stock were exchanged, compared to its average volume of 357,083. The stock has a market cap of $689.49 million, a PE ratio of 12.66 and a beta of -0.01. A-Mark Precious Metals has a twelve month low of $24.22 and a twelve month high of $47.39. The firm has a 50 day moving average of $39.37 and a 200 day moving average of $37.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, equities analysts expect that A-Mark Precious Metals will post 3.54 earnings per share for the current year.

Insider Activity

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction dated 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 directly owns 292,535 shares in the company, valued at approximately $12,666,765.50. This trade represents a 3.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 22,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total value of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at approximately $1,281,498.88. The trade was a 43.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,316 shares of company stock valued at $4,911,036. Insiders own 48.64% of the company's stock.

Institutional Trading of A-Mark Precious Metals

Several institutional investors and hedge funds have recently made changes to their positions in AMRK. Hobbs Group Advisors LLC purchased a new position in shares of A-Mark Precious Metals in the 3rd quarter worth about $26,000. Quarry LP boosted 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 acquiring an additional 539 shares during the last quarter. nVerses Capital LLC purchased a new position in A-Mark Precious Metals in the second quarter valued at about $45,000. Strategic Investment Solutions Inc. IL bought a new position in shares of A-Mark Precious Metals during the 3rd quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors 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.

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