A-Mark Precious Metals (NASDAQ:AMRK) Rating Increased to Hold at StockNews.com

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

Separately, DA Davidson increased their price objective on A-Mark Precious Metals from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.33.

A-Mark Precious Metals Price Performance

Shares of A-Mark Precious Metals stock opened at $31.58 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.63 and a debt-to-equity ratio of 0.38. The company has a market cap of $731.71 million, a PE ratio of 11.48 and a beta of -0.01. The business has a 50 day moving average of $41.65 and a 200 day moving average of $38.21. A-Mark Precious Metals has a 52 week low of $24.22 and a 52 week high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its earnings results on Thursday, August 29th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. A-Mark Precious Metals had a net margin of 0.68% and a return on equity of 13.28%. As a group, equities research analysts forecast that A-Mark Precious Metals will post 4.29 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. A-Mark Precious Metals’s dividend payout ratio (DPR) is 29.09%.

Insiders Place Their Bets

In other A-Mark Precious Metals news, Director Jess M. Ravich sold 14,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael R. Wittmeyer sold 10,975 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the completion of the transaction, the director now directly owns 292,535 shares in the company, valued at $12,666,765.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the transaction, the director now owns 190,500 shares of the company’s stock, valued at $8,702,040. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP boosted its position 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 valued at $36,000 after buying an additional 539 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of A-Mark Precious Metals during the second quarter valued at $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals during the third quarter valued at $88,000. Victory Capital Management Inc. purchased a new stake in shares of A-Mark Precious Metals during the third quarter valued at $226,000. Finally, Quantbot Technologies LP boosted its position in shares of A-Mark Precious Metals by 192.5% during the first quarter. Quantbot Technologies LP now owns 7,438 shares of the company’s stock valued at $228,000 after buying an additional 4,895 shares during the last quarter. 75.25% of the stock is currently 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.