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

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

A number of other brokerages have also weighed in on AMRK. DA Davidson lifted their target price on A-Mark Precious Metals from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Maxim Group began coverage on A-Mark Precious Metals in a report on Wednesday, May 22nd. They set a “buy” rating and a $63.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.67.

A-Mark Precious Metals Trading Down 0.8 %

AMRK stock opened at $44.43 on Monday. The company has a market capitalization of $1.02 billion, a PE ratio of 13.63 and a beta of -0.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. A-Mark Precious Metals has a 12 month low of $23.14 and a 12 month high of $47.39. The firm’s 50-day moving average is $37.91 and its 200 day moving average is $35.84.

Insider Buying and Selling at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.20% of the stock is owned by insiders.

Institutional Trading of A-Mark Precious Metals

Several large investors have recently bought and sold shares of the stock. Quarry LP lifted its stake in shares of A-Mark Precious Metals by 94.1% during the second quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after buying an additional 539 shares during the period. nVerses Capital LLC acquired a new stake in A-Mark Precious Metals during the 2nd quarter worth about $45,000. Quest Partners LLC purchased a new stake in A-Mark Precious Metals during the 4th quarter valued at about $184,000. Capstone Investment Advisors LLC acquired a new position in shares of A-Mark Precious Metals in the fourth quarter valued at about $220,000. Finally, Quantbot Technologies LP raised its stake in shares of A-Mark Precious Metals by 192.5% in the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock worth $228,000 after purchasing an additional 4,895 shares during the last quarter. 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.