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

StockNews.com upgraded shares of A-Mark Precious Metals (NASDAQ:AMRK) from a sell rating to a hold rating in a report issued on Monday morning.

Separately, DA Davidson cut their target price on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, A-Mark Precious Metals presently has a consensus rating of “Hold” and a consensus target price of $46.33.

A-Mark Precious Metals Trading Up 0.2 %

NASDAQ:AMRK opened at $28.80 on Monday. The stock has a fifty day moving average price of $35.95 and a 200 day moving average price of $36.82. The company has a current ratio of 1.66, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. A-Mark Precious Metals has a 12-month low of $24.22 and a 12-month high of $47.39. The firm has a market cap of $667.58 million, a PE ratio of 12.26 and a beta of -0.06.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, October 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. A-Mark Precious Metals’s dividend payout ratio is currently 34.04%.

Insider Activity

In other news, Director Jess M. Ravich sold 14,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.68, for a total value of $662,360.00. Following the completion of the transaction, the director now owns 190,500 shares in the company, valued at approximately $8,702,040. This represents a 7.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory N. Roberts sold 4,320 shares of A-Mark Precious Metals stock in a transaction on Friday, September 20th. The stock was sold at an average price of $44.00, for a total transaction of $190,080.00. Following the sale, the chief executive officer now owns 28,202 shares in the company, valued at $1,240,888. This represents a 13.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,316 shares of company stock worth $4,911,036. 48.64% of the stock is currently owned by insiders.

Institutional Trading of A-Mark Precious Metals

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverwater Partners LLC lifted its stake in A-Mark Precious Metals by 385.1% in the third quarter. Riverwater Partners LLC now owns 44,774 shares of the company’s stock valued at $2,001,000 after buying an additional 35,545 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of A-Mark Precious Metals by 359.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 82,093 shares of the company’s stock valued at $2,657,000 after acquiring an additional 64,221 shares during the period. FMR LLC raised its position in A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company’s stock valued at $53,425,000 after purchasing an additional 1,143,125 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in A-Mark Precious Metals by 44.5% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company’s stock worth $2,430,000 after purchasing an additional 16,935 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in A-Mark Precious Metals in the second quarter valued at $5,702,000. 75.25% of the stock is owned by hedge funds and other institutional investors.

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.