A-Mark Precious Metals (NASDAQ:AMRK) Upgraded by StockNews.com to “Hold” Rating

A-Mark Precious Metals (NASDAQ:AMRK) 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.

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

A-Mark Precious Metals Stock Performance

NASDAQ AMRK opened at $27.05 on Thursday. The company’s 50 day simple moving average is $33.82 and its two-hundred day simple moving average is $36.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 0.37. A-Mark Precious Metals has a 1 year low of $24.22 and a 1 year high of $47.39. The stock has a market capitalization of $627.13 million, a PE ratio of 11.51 and a beta of -0.06.

Insider Transactions at A-Mark Precious Metals

In other A-Mark Precious Metals news, CEO Gregory N. Roberts sold 4,320 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $44.00, for a total value of $190,080.00. Following the completion of the sale, the chief executive officer now owns 28,202 shares of the company’s stock, valued at $1,240,888. This represents a 13.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Wittmeyer sold 10,975 shares of A-Mark Precious Metals stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $43.30, for a total transaction of $475,217.50. Following the transaction, the director now directly owns 292,535 shares in the company, valued at $12,666,765.50. This trade represents a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 48.64% of the company’s stock.

Institutional Trading of A-Mark Precious Metals

Institutional investors have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC bought a new stake in shares of A-Mark Precious Metals in the 3rd quarter valued at about $26,000. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after purchasing an additional 539 shares during the period. nVerses Capital LLC bought a new stake in A-Mark Precious Metals in the second quarter valued at approximately $45,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of A-Mark Precious Metals during the third quarter valued at approximately $88,000. Finally, Victory Capital Management Inc. bought a new position in shares of A-Mark Precious Metals in the third quarter worth approximately $226,000. 75.25% of the stock is currently 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.