A-Mark Precious Metals (NASDAQ:AMRK) Downgraded by Northland Securities to “Market Perform”

Northland Securities lowered shares of A-Mark Precious Metals (NASDAQ:AMRK) from an outperform rating to a market perform rating in a research report report published on Wednesday morning, MarketBeat.com reports.

Several other research firms have also recently commented on AMRK. DA Davidson raised their price target on shares of A-Mark Precious Metals from $42.00 to $44.00 and gave the stock a buy rating in a report on Wednesday, April 10th. B. Riley lowered their price target on shares of 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. Finally, StockNews.com cut A-Mark Precious Metals from a hold rating to a sell rating in a research report on Tuesday.

A-Mark Precious Metals Stock Down 5.4 %

Shares of NASDAQ:AMRK opened at $38.15 on Wednesday. The firm has a 50 day simple moving average of $33.60 and a 200 day simple moving average of $29.85. 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 52 week low of $23.14 and a 52 week high of $42.48. The company has a market cap of $871.92 million, a PE ratio of 8.46 and a beta of -0.05.

A-Mark Precious Metals (NASDAQ:AMRK) last posted its quarterly 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 net margin of 1.10% and a return on equity of 26.90%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.25 billion. As a group, research analysts expect that A-Mark Precious Metals will post 4.33 earnings per share for the current year.

A-Mark Precious Metals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Tuesday, April 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Monday, April 15th. A-Mark Precious Metals’s dividend payout ratio is presently 17.74%.

Insiders Place Their Bets

In other news, CEO Gregory N. Roberts sold 8,696 shares of the stock in a transaction dated 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 approximately $713,510.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other A-Mark Precious Metals 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 transaction of $220,008.80. Following the completion of the transaction, the chief executive officer now owns 28,202 shares of the company’s stock, valued at approximately $713,510.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Wittmeyer sold 22,558 shares of A-Mark Precious Metals stock in a transaction dated 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 owns 408,225 shares in the company, valued at $10,732,235.25. The disclosure for this sale can be found here. Insiders sold 53,637 shares of company stock valued at $1,396,360 over the last quarter. Insiders own 23.20% of the company’s stock.

Institutional Investors Weigh In On A-Mark Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter worth $250,000. Bank of New York Mellon Corp increased its stake in A-Mark Precious Metals by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 140,133 shares of the company’s stock valued at $4,110,000 after acquiring an additional 2,995 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in A-Mark Precious Metals by 1,515.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 98,219 shares of the company’s stock valued at $2,881,000 after acquiring an additional 92,139 shares in the last quarter. Yacktman Asset Management LP bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter worth approximately $1,085,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of A-Mark Precious Metals by 2,596.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,079 shares of the company’s stock worth $354,000 after purchasing an additional 11,631 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

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.