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

StockNews.com lowered shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a research note released on Tuesday morning.

Other equities research analysts have also recently issued reports about the stock. DA Davidson increased their price objective on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. B. Riley decreased their price target on A-Mark Precious Metals from $41.00 to $33.00 and set a buy rating for the company in a report on Wednesday, February 21st.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $40.86 on Tuesday. The firm has a market capitalization of $933.86 million, a price-to-earnings ratio of 9.06 and a beta of -0.05. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $33.91 and its 200-day moving average price is $29.93. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month 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 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. A-Mark Precious Metals had a return on equity of 26.90% and a net margin of 1.10%. Equities research analysts forecast that A-Mark Precious Metals will post 4.33 EPS for the current year.

A-Mark Precious Metals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Tuesday, April 16th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is currently 17.74%.

Insider Activity

In other news, CEO Gregory N. Roberts sold 8,696 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total value of $220,008.80. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jess M. Ravich acquired 20,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $25.63 per share, for a total transaction of $512,600.00. Following the completion of the purchase, the director now directly owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 53,637 shares of company stock worth $1,396,360. Company insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

A number of institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of A-Mark Precious Metals by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 1,684,735 shares of the company’s stock worth $49,413,000 after buying an additional 150,343 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of A-Mark Precious Metals by 10.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after acquiring an additional 106,842 shares during the last quarter. Vanguard Group Inc. boosted its position in A-Mark Precious Metals by 0.6% in the third quarter. Vanguard Group Inc. now owns 1,032,940 shares of the company’s stock worth $30,296,000 after purchasing an additional 6,184 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in A-Mark Precious Metals by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock valued at $13,681,000 after purchasing an additional 67,452 shares during the period. Finally, CWA Asset Management Group LLC increased its position in shares of A-Mark Precious Metals by 1.3% during the 4th quarter. CWA Asset Management Group LLC now owns 424,079 shares of the company’s stock valued at $12,828,000 after purchasing an additional 5,437 shares during the last quarter. 75.25% of the stock is owned by 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.