A-Mark Precious Metals (NASDAQ:AMRK) Rating Lowered to Sell at StockNews.com
StockNews.com cut shares of A-Mark Precious Metals (NASDAQ:AMRK – Free Report) from a hold rating to a sell rating in a report published on Thursday morning.
AMRK has been the topic of a number of other reports. DA Davidson restated a buy rating and set a $42.00 price objective on shares of A-Mark Precious Metals in a report on Monday, March 4th. 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.
View Our Latest Research Report on A-Mark Precious Metals
A-Mark Precious Metals Trading Down 3.0 %
Shares of NASDAQ:AMRK opened at $30.72 on Thursday. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $42.11. The company has a quick ratio of 0.32, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $27.55 and its 200 day simple moving average is $28.32. The firm has a market cap of $701.95 million, a price-to-earnings ratio of 6.81 and a beta of 0.02.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. As a group, research analysts forecast that A-Mark Precious Metals will post 4.33 EPS for the current fiscal year.
Insider Buying and Selling at A-Mark Precious Metals
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction 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 in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction 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 in the company, valued at approximately $713,510.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 22,383 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $26.06, for a total transaction of $583,300.98. Following the transaction, the director now owns 453,283 shares in the company, valued at $11,812,554.98. 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. Insiders own 23.20% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of A-Mark Precious Metals by 67.9% during the 3rd quarter. FMR LLC now owns 1,147 shares of the company’s stock worth $34,000 after purchasing an additional 464 shares during the last quarter. Quarry LP acquired a new position in shares of A-Mark Precious Metals during the 2nd quarter worth about $37,000. Tower Research Capital LLC TRC increased its stake in shares of A-Mark Precious Metals by 836.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,258 shares of the company’s stock worth $64,000 after purchasing an additional 2,017 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of A-Mark Precious Metals during the 4th quarter worth about $67,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of A-Mark Precious Metals during the 2nd quarter worth about $68,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.
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.
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