A-Mark Precious Metals (NASDAQ:AMRK) Downgraded by StockNews.com

StockNews.com cut shares of A-Mark Precious Metals (NASDAQ:AMRK) from a hold rating to a sell rating in a research report sent to investors on Monday.

Several other analysts have also recently issued reports on AMRK. DA Davidson increased their price target 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. Maxim Group started coverage on shares of A-Mark Precious Metals in a report on Wednesday, May 22nd. They issued a buy rating and a $63.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $47.67.

A-Mark Precious Metals Trading Up 0.4 %

Shares of AMRK stock opened at $43.43 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.76 and a quick ratio of 0.34. The firm has a market cap of $992.59 million, a PE ratio of 13.32 and a beta of -0.05. The company has a 50-day moving average of $38.24 and a two-hundred day moving average of $35.94. A-Mark Precious Metals has a 1-year low of $23.14 and a 1-year high of $47.39.

A-Mark Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, July 18th. A-Mark Precious Metals’s payout ratio is 24.54%.

Insiders Place Their Bets

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 22,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now directly owns 28,202 shares in the company, valued at $1,281,498.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gregory N. Roberts sold 22,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,281,498.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jess M. Ravich sold 14,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.68, for a total transaction of $662,360.00. Following 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. In the last ninety days, insiders have sold 87,341 shares of company stock worth $3,907,588. Corporate insiders own 23.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMRK. Charles Schwab Investment Management Inc. lifted its position in A-Mark Precious Metals by 17.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 452,251 shares of the company’s stock worth $13,681,000 after acquiring an additional 67,452 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of A-Mark Precious Metals by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,775 shares of the company’s stock valued at $34,178,000 after purchasing an additional 106,842 shares during the period. Quest Partners LLC purchased a new stake in A-Mark Precious Metals during the 4th quarter worth $184,000. Aigen Investment Management LP acquired a new position in A-Mark Precious Metals in the 4th quarter worth $574,000. Finally, Capstone Investment Advisors LLC purchased a new position in A-Mark Precious Metals in the 4th quarter valued at about $220,000. Hedge funds and other institutional investors 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.