StockNews.com Upgrades A-Mark Precious Metals (NASDAQ:AMRK) to “Hold”

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Separately, DA Davidson boosted their price target on A-Mark Precious Metals from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.33.

A-Mark Precious Metals Stock Down 0.6 %

Shares of AMRK stock traded down $0.21 during trading hours on Tuesday, reaching $37.64. 198,107 shares of the company’s stock were exchanged, compared to its average volume of 350,405. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $47.39. The stock has a market cap of $872.08 million, a PE ratio of 13.69 and a beta of -0.01. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average price is $41.85 and its two-hundred day moving average price is $38.31.

A-Mark Precious Metals (NASDAQ:AMRK) last released its earnings results 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 return on equity of 13.28% and a net margin of 0.68%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.64 billion. Research analysts predict that A-Mark Precious Metals will post 4.29 EPS for the current year.

Insider Transactions at A-Mark Precious Metals

In related 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 transaction, the director now owns 292,535 shares of the company’s stock, valued at approximately $12,666,765.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Wittmeyer sold 25,841 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $1,146,048.35. Following the completion of the sale, the director now directly owns 292,535 shares in the company, valued at $12,973,927.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On A-Mark Precious Metals

Several institutional investors have recently added to or reduced their stakes in AMRK. Quarry LP increased its position in 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 during the period. nVerses Capital LLC acquired a new position in A-Mark Precious Metals during the second quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL acquired a new position in A-Mark Precious Metals during the third quarter worth approximately $88,000. Victory Capital Management Inc. acquired a new position in A-Mark Precious Metals during the third quarter worth approximately $226,000. Finally, Quantbot Technologies LP increased 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 worth $228,000 after buying an additional 4,895 shares during the period. 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.