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

StockNews.com upgraded shares of A-Mark Precious Metals (NASDAQ:AMRKFree Report) from a sell rating to a hold rating in a report published on Thursday.

AMRK has been the topic of several other reports. B. Riley dropped their price objective on shares of A-Mark Precious Metals from $41.00 to $33.00 and set a buy rating on the stock in a report on Wednesday, February 21st. DA Davidson upped their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the company a buy rating in a report on Wednesday, April 10th.

View Our Latest Report on AMRK

A-Mark Precious Metals Price Performance

AMRK opened at $37.98 on Thursday. The firm has a market cap of $867.84 million, a P/E ratio of 8.42 and a beta of 0.02. The firm has a 50-day moving average of $29.97 and a 200 day moving average of $28.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. A-Mark Precious Metals has a fifty-two week low of $23.14 and a fifty-two week high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRKGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.33). The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.25 billion. A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. On average, research analysts expect that A-Mark Precious Metals will post 4.33 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, April 15th. A-Mark Precious Metals’s payout ratio is 17.74%.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in A-Mark Precious Metals by 48.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company’s stock valued at $11,286,000 after acquiring an additional 126,385 shares during the last quarter. Invesco Ltd. grew its holdings in shares of A-Mark Precious Metals by 80.3% in the third quarter. Invesco Ltd. now owns 206,464 shares of the company’s stock worth $6,056,000 after purchasing an additional 91,961 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of A-Mark Precious Metals in the third quarter worth approximately $587,000. Schonfeld Strategic Advisors LLC bought a new position in shares of A-Mark Precious Metals in the third quarter worth approximately $1,176,000. Finally, SG Americas Securities LLC grew its holdings in shares of A-Mark Precious Metals by 27.4% in the fourth quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock worth $328,000 after purchasing an additional 2,334 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.

About A-Mark Precious Metals

(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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