A-Mark Precious Metals (NASDAQ:AMRK) Stock Rating Lowered by Northland Securities

A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by Northland Securities from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, Briefing.com reports.

A number of other analysts also recently commented on AMRK. DA Davidson raised their price objective on A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. B. Riley reduced their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, StockNews.com lowered shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Tuesday.

A-Mark Precious Metals Stock Down 2.0 %

AMRK opened at $40.34 on Wednesday. The business has a 50 day moving average of $33.35 and a 200-day moving average of $29.79. The stock has a market capitalization of $921.77 million, a price-to-earnings ratio of 8.94 and a beta of -0.05. The company has a current ratio of 1.86, a quick ratio of 0.32 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $42.48.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share (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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.25 billion. As a group, sell-side analysts anticipate that A-Mark Precious Metals will post 4.33 earnings per share for the current year.

Insider Buying and Selling

In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,383 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.06, for a total value of $583,300.98. Following the transaction, the director now directly owns 453,283 shares in the company, valued at $11,812,554.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other A-Mark Precious Metals news, Director Michael R. Wittmeyer sold 22,558 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 408,225 shares in the company, valued at approximately $10,732,235.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Wittmeyer sold 22,383 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 453,283 shares in the company, valued at $11,812,554.98. The disclosure for this sale can be found here. Insiders sold 53,637 shares of company stock worth $1,396,360 in the last quarter. 23.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On A-Mark Precious Metals

Large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in A-Mark Precious Metals during the 4th quarter worth about $67,000. Quest Partners LLC bought a new stake in shares of A-Mark Precious Metals during the fourth quarter worth approximately $184,000. Capstone Investment Advisors LLC acquired a new position in A-Mark Precious Metals in the fourth quarter valued at approximately $220,000. Quantbot Technologies LP lifted its holdings in A-Mark Precious Metals by 192.5% in 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 period. Finally, Raymond James & Associates bought a new position in A-Mark Precious Metals in the fourth quarter valued at approximately $236,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

About A-Mark Precious Metals

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.