B. Riley Lowers A-Mark Precious Metals (NASDAQ:AMRK) to Neutral
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) was downgraded by stock analysts at B. Riley from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $33.00 price objective on the stock. B. Riley’s price objective indicates a potential downside of 11.03% from the stock’s previous close.
Other research analysts have also issued reports about the stock. DA Davidson lifted 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 research note on Wednesday, April 10th. Northland Securities cut A-Mark Precious Metals from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Northland Capmk cut A-Mark Precious Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, StockNews.com downgraded A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, A-Mark Precious Metals has an average rating of “Hold” and an average price target of $38.50.
Read Our Latest Stock Analysis on AMRK
A-Mark Precious Metals Stock Performance
Shares of AMRK opened at $37.09 on Wednesday. The company’s 50 day simple moving average is $34.73 and its 200-day simple moving average is $30.21. The firm has a market cap of $847.51 million, a PE ratio of 11.38 and a beta of -0.05. A-Mark Precious Metals has a 12-month low of $23.14 and a 12-month high of $42.48. The company has a current ratio of 1.76, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.
Insider Buying and Selling
In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 15,000 shares of A-Mark Precious Metals stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $38.93, for a total value of $583,950.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,097,903.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jess M. Ravich purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $25.63 per share, for a total transaction of $512,600.00. Following the acquisition, the director now directly owns 143,668 shares of the company’s stock, valued at approximately $3,682,210.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory N. Roberts sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $38.93, for a total transaction of $583,950.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $1,097,903.86. The disclosure for this sale can be found here. Insiders sold 44,644 shares of company stock valued at $1,594,307 over the last ninety days. Corporate insiders own 23.20% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in AMRK. American Century Companies Inc. boosted its stake 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 acquiring an additional 150,343 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in A-Mark Precious Metals by 48.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 384,799 shares of the company’s stock valued at $11,286,000 after purchasing an additional 126,385 shares during the last quarter. LSV Asset Management increased its position in shares of A-Mark Precious Metals by 136.6% in the third quarter. LSV Asset Management now owns 192,105 shares of the company’s stock valued at $5,634,000 after buying an additional 110,905 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of A-Mark Precious Metals by 10.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock worth $34,178,000 after buying an additional 106,842 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of A-Mark Precious Metals by 1,515.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock worth $2,881,000 after buying an additional 92,139 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.
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