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

A-Mark Precious Metals (NASDAQ:AMRK) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

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

A-Mark Precious Metals Trading Up 0.3 %

NASDAQ:AMRK traded up $0.12 on Thursday, hitting $36.88. 400,775 shares of the stock were exchanged, compared to its average volume of 346,844. The stock has a market capitalization of $842.71 million, a price-to-earnings ratio of 8.18 and a beta of 0.02. A-Mark Precious Metals has a 52 week low of $23.14 and a 52 week high of $42.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. The company’s 50-day moving average price is $29.74 and its 200 day moving average price is $28.84.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.33). A-Mark Precious Metals had a net margin of 1.10% and a return on equity of 26.90%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.25 billion. On average, equities research analysts forecast that A-Mark Precious Metals will post 4.33 earnings per share for the current year.

Insider Transactions at A-Mark Precious Metals

In other news, CEO Gregory N. Roberts sold 8,696 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the sale, the chief executive officer now owns 28,202 shares in the company, valued at $713,510.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Gregory N. Roberts sold 8,696 shares of A-Mark Precious Metals stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $25.30, for a total transaction of $220,008.80. Following the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $713,510.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael R. Wittmeyer sold 22,558 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was 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 in the company, valued at approximately $10,732,235.25. The disclosure for this sale can be found here. Insiders sold 53,637 shares of company stock worth $1,396,360 over the last ninety days. 23.20% of the stock is owned by insiders.

Institutional Trading of A-Mark Precious Metals

Several hedge funds have recently made changes to their positions in AMRK. Wellington Management Group LLP bought a new position in A-Mark Precious Metals in the 1st quarter worth about $19,975,000. State Street Corp lifted its holdings in A-Mark Precious Metals by 115.0% in the 2nd quarter. State Street Corp now owns 358,999 shares of the company’s stock worth $11,578,000 after buying an additional 192,046 shares during the period. Renaissance Technologies LLC lifted its holdings in A-Mark Precious Metals by 156.4% in the 2nd quarter. Renaissance Technologies LLC now owns 308,384 shares of the company’s stock worth $9,945,000 after buying an additional 188,092 shares during the period. Goldman Sachs Group Inc. raised its position in shares of A-Mark Precious Metals by 41.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 541,611 shares of the company’s stock worth $20,275,000 after acquiring an additional 157,750 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of A-Mark Precious Metals by 9.8% in 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. 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.