A-Mark Precious Metals (NASDAQ:AMRK) Downgraded by StockNews.com

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

A number of other research analysts have also issued reports on the company. DA Davidson increased their target price on A-Mark Precious Metals from $42.00 to $44.00 and gave the company a buy rating in a research report on Wednesday, April 10th. B. Riley decreased 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.

A-Mark Precious Metals Price Performance

NASDAQ AMRK opened at $41.05 on Friday. The company has a market cap of $937.99 million, a price-to-earnings ratio of 9.10 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 0.32. The stock’s fifty day moving average price is $31.47 and its 200 day moving average price is $29.33. A-Mark Precious Metals has a 1 year low of $23.14 and a 1 year high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last issued 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). A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion. As a group, equities research analysts forecast that A-Mark Precious Metals will post 4.33 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were paid a $0.20 dividend. The ex-dividend date was Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. A-Mark Precious Metals’s dividend payout ratio is currently 17.74%.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMRK. Secure Asset Management LLC lifted its stake in shares of A-Mark Precious Metals by 2.4% in the fourth quarter. Secure Asset Management LLC now owns 28,890 shares of the company’s stock valued at $874,000 after purchasing an additional 675 shares during the period. Deutsche Bank AG increased its holdings in A-Mark Precious Metals by 4.3% in the third quarter. Deutsche Bank AG now owns 28,004 shares of the company’s stock valued at $821,000 after buying an additional 1,165 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of A-Mark Precious Metals during the 4th quarter valued at approximately $67,000. SG Americas Securities LLC lifted its position in shares of A-Mark Precious Metals by 27.4% during the 4th quarter. SG Americas Securities LLC now owns 10,859 shares of the company’s stock valued at $328,000 after acquiring an additional 2,334 shares during the period. Finally, Corton Capital Inc. boosted its stake in shares of A-Mark Precious Metals by 37.1% during the 3rd quarter. Corton Capital Inc. now owns 11,024 shares of the company’s stock worth $323,000 after acquiring an additional 2,986 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.