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

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

AMRK has been the subject of several other reports. DA Davidson increased their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. B. Riley dropped their price objective on A-Mark Precious Metals from $41.00 to $33.00 and set a buy rating on the stock in a research note on Wednesday, February 21st.

A-Mark Precious Metals Stock Performance

Shares of AMRK stock opened at $40.34 on Tuesday. 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 firm has a fifty day simple moving average of $33.35 and a two-hundred day simple moving average of $29.79. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $42.48. The firm has a market capitalization of $921.77 million, a PE ratio of 8.94 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its earnings results on Tuesday, February 6th. The company reported $0.90 EPS 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 for the quarter, compared to the consensus estimate of $2.25 billion. Analysts forecast that A-Mark Precious Metals will post 4.33 EPS for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Tuesday, April 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 17.74%.

Insider Activity at A-Mark Precious Metals

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total value of $593,049.82. Following the completion of the transaction, the director now directly owns 408,225 shares of the company’s stock, valued at approximately $10,732,235.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total transaction of $583,300.98. Following the completion of the sale, the director now owns 453,283 shares of the company’s stock, valued at approximately $11,812,554.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Wittmeyer sold 22,558 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the transaction, the director now directly owns 408,225 shares of the company’s stock, valued at $10,732,235.25. 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 owned by company insiders.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRK. DekaBank Deutsche Girozentrale purchased a new position in shares of A-Mark Precious Metals during the fourth quarter valued at about $67,000. Quest Partners LLC purchased a new position in shares of A-Mark Precious Metals during the 4th quarter worth approximately $184,000. Capstone Investment Advisors LLC bought a new position in shares of A-Mark Precious Metals in the 4th quarter worth approximately $220,000. Quantbot Technologies LP lifted its stake in shares of A-Mark Precious Metals by 192.5% in the 1st quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after purchasing an additional 4,895 shares during the period. Finally, Raymond James & Associates bought a new stake in shares of A-Mark Precious Metals during the fourth quarter valued at approximately $236,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

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.