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

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

Several other research firms also recently commented on AMRK. B. Riley decreased their target price on shares of 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. DA Davidson boosted their target price on shares of 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.

A-Mark Precious Metals Trading Up 0.3 %

Shares of A-Mark Precious Metals stock traded up $0.12 during trading on Thursday, hitting $36.88. The stock had a trading volume of 400,775 shares, compared to its average volume of 346,844. The stock has a 50 day simple moving average of $29.74 and a 200 day simple moving average of $28.84. The company has a market capitalization of $842.71 million, a PE ratio of 8.18 and a beta of 0.02. The company has a quick ratio of 0.32, a current ratio of 1.86 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 released its earnings results on Tuesday, February 6th. The company reported $0.90 earnings per share 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.25 billion. On average, research analysts expect that A-Mark Precious Metals will post 4.33 EPS for the current fiscal 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 on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total value of $220,008.80. Following the completion of the sale, the chief executive officer now directly owns 28,202 shares in the company, valued at $713,510.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gregory N. Roberts sold 8,696 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $25.30, for a total transaction of $220,008.80. Following the completion of the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at approximately $713,510.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 22,558 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $26.29, for a total transaction of $593,049.82. Following the completion of the sale, the director now directly owns 408,225 shares of the company’s stock, valued at $10,732,235.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,637 shares of company stock worth $1,396,360. 23.20% of the stock is owned by insiders.

Institutional Trading of A-Mark Precious Metals

A number of hedge funds have recently bought and sold shares of AMRK. Wellington Management Group LLP bought a new stake in A-Mark Precious Metals in the 1st quarter valued at $19,975,000. State Street Corp boosted 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 valued at $11,578,000 after purchasing an additional 192,046 shares during the period. Renaissance Technologies LLC boosted 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 valued at $9,945,000 after purchasing an additional 188,092 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 valued at $20,275,000 after purchasing an additional 157,750 shares during the period. Finally, American Century Companies Inc. boosted its holdings in 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 valued at $49,413,000 after purchasing an additional 150,343 shares during the period. 75.25% of the stock is owned by institutional investors.

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.