A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of A-Mark Precious Metals (NASDAQ:AMRK - Free Report) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Separately, DA Davidson cut their price objective on 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $46.33.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock traded down $0.19 during midday trading on Wednesday, hitting $30.25. The company had a trading volume of 414,693 shares, compared to its average volume of 358,716. A-Mark Precious Metals has a 52-week low of $24.22 and a 52-week high of $47.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.39. The company's 50 day simple moving average is $41.31 and its 200 day simple moving average is $38.10. The stock has a market cap of $701.20 million, a price-to-earnings ratio of 12.87 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.64 billion. Research analysts anticipate that A-Mark Precious Metals will post 3.54 earnings per share for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals's dividend payout ratio (DPR) is 34.04%.

Insider Transactions at A-Mark Precious Metals

In related news, Director Michael R. Wittmeyer sold 10,975 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total value of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares of the company's stock, valued at $12,666,765.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Gregory N. Roberts sold 22,000 shares of the business's stock in a transaction that occurred on 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 directly owns 28,202 shares in the company, valued at $1,281,498.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Wittmeyer sold 10,975 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 292,535 shares of the company's stock, valued at $12,666,765.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quarry LP boosted 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 purchasing an additional 539 shares during the period. nVerses Capital LLC purchased a new position in shares of A-Mark Precious Metals during the 2nd quarter valued at $45,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of A-Mark Precious Metals in the third quarter worth $88,000. Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals during the third quarter worth $226,000. Finally, Quantbot Technologies LP boosted its position in A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company's stock valued at $228,000 after purchasing an additional 4,895 shares during the last quarter. 75.25% of the stock is owned by hedge funds and other 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.