A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other analysts have also issued reports on the company. B. Riley lowered their target price on A-Mark Precious Metals from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. DA Davidson raised their target price 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.
Read Our Latest Stock Report on AMRK
A-Mark Precious Metals Stock Up 3.0 %
Shares of AMRK stock opened at $37.98 on Thursday. The stock’s 50 day simple moving average is $29.97 and its 200 day simple moving average is $28.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.32 and a current ratio of 1.86. A-Mark Precious Metals has a twelve month low of $23.14 and a twelve month high of $42.48. The company has a market capitalization of $868.03 million, a price-to-earnings ratio of 8.42 and a beta of 0.02.
A-Mark Precious Metals (NASDAQ:AMRK – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.90 earnings per share 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. As a group, research analysts predict that A-Mark Precious Metals will post 4.33 EPS for the current year.
Insider Transactions at A-Mark Precious Metals
In other 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 sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jess M. Ravich purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $25.63 per share, with a total value of $512,600.00. Following the purchase, the director now directly owns 143,668 shares in the company, valued at $3,682,210.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 approximately $713,510.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,637 shares of company stock valued at $1,396,360. 23.20% of the stock is owned by corporate insiders.
Institutional Trading of A-Mark Precious Metals
Several institutional investors have recently bought and sold shares of AMRK. Wellington Management Group LLP acquired a new stake in A-Mark Precious Metals in the 1st quarter valued at $19,975,000. State Street Corp boosted its stake 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 buying an additional 192,046 shares in the last quarter. Renaissance Technologies LLC raised its position 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 last quarter. Goldman Sachs Group Inc. raised its position 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 last quarter. Finally, American Century Companies Inc. raised its position 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 last quarter. 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.
Further Reading
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