A-Mark Precious Metals (NASDAQ:AMRK) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a research note issued to investors on Friday.

Separately, DA Davidson reduced their price target on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One equities 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.com, A-Mark Precious Metals presently has a consensus rating of “Hold” and a consensus target price of $46.33.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock opened at $29.74 on Friday. 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 has a fifty-two week low of $24.22 and a fifty-two week high of $47.39. The firm has a fifty day moving average price of $39.37 and a two-hundred day moving average price of $37.60. The company has a market cap of $689.49 million, a PE ratio of 12.66 and a beta of -0.01.

A-Mark Precious Metals (NASDAQ:AMRK) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.85 earnings per share 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 company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.64 billion. Analysts expect that A-Mark Precious Metals will post 3.54 EPS for the current year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Tuesday, October 8th. A-Mark Precious Metals’s payout ratio is 34.04%.

Insider Transactions at A-Mark Precious Metals

In related news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now owns 190,500 shares in the company, valued at $8,702,040. This trade represents a 7.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory N. Roberts sold 4,320 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,240,888. This trade represents a 13.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,316 shares of company stock valued at $4,911,036. Company insiders own 48.64% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds have recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the 3rd quarter worth about $26,000. Quarry LP increased its position in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock valued at $36,000 after acquiring an additional 539 shares in the last quarter. nVerses Capital LLC acquired a new stake in A-Mark Precious Metals in the 2nd quarter valued at about $45,000. Strategic Investment Solutions Inc. IL acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $88,000. Finally, Victory Capital Management Inc. acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at about $226,000. Institutional investors and hedge funds 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.