A-Mark Precious Metals (NASDAQ:AMRK) Upgraded to “Hold” by StockNews.com

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

Separately, DA Davidson boosted their target price on shares of A-Mark Precious Metals from $42.00 to $47.00 and gave the stock a buy rating in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $47.67.

A-Mark Precious Metals Price Performance

AMRK opened at $44.99 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. A-Mark Precious Metals has a 52-week low of $23.14 and a 52-week high of $47.39. The company has a 50 day moving average of $38.93 and a two-hundred day moving average of $36.48. The company has a market cap of $1.03 billion, a P/E ratio of 13.80 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.59). A-Mark Precious Metals had a return on equity of 13.28% and a net margin of 0.68%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. A-Mark Precious Metals’s payout ratio is currently 24.54%.

Insider Transactions at A-Mark Precious Metals

In related news, Director Jess M. Ravich sold 14,500 shares of the company’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 sale, the director now directly owns 190,500 shares of the company’s stock, valued at $8,702,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Gregory N. Roberts sold 4,320 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $44.00, for a total value of $190,080.00. Following the sale, the chief executive officer now directly owns 28,202 shares of the company’s stock, valued at $1,240,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total transaction of $662,360.00. Following the completion of the sale, the director now directly owns 190,500 shares in the company, valued at $8,702,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,316 shares of company stock valued at $4,911,036. Corporate insiders own 23.20% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in shares of A-Mark Precious Metals during the second quarter worth $308,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of A-Mark Precious Metals by 123.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 93,100 shares of the company’s stock worth $3,014,000 after purchasing an additional 51,460 shares during the period. Quarry LP raised its holdings 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 purchasing an additional 539 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of A-Mark Precious Metals during the second quarter worth $5,702,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of A-Mark Precious Metals during the second quarter worth $414,000. 75.25% of the stock is owned by institutional investors and hedge funds.

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.