A-Mark Precious Metals (NASDAQ:AMRK) was downgraded by TheStreet from a “c” rating to a “d+” rating in a report issued on Monday.
Several other analysts have also recently issued reports on AMRK. ValuEngine cut shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Zacks Investment Research upgraded shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. Finally, B. Riley reiterated a “neutral” rating and issued a $16.50 target price (up from $16.00) on shares of A-Mark Precious Metals in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.67.
Shares of AMRK stock opened at $12.77 on Monday. The company has a market cap of $90.21 million, a P/E ratio of -212.83 and a beta of 0.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.06. A-Mark Precious Metals has a 12 month low of $10.39 and a 12 month high of $17.23.
In other news, major shareholder William A. Richardson bought 20,000 shares of the stock in a transaction on Wednesday, July 18th. The shares were acquired at an average cost of $12.50 per share, for a total transaction of $250,000.00. Following the purchase, the insider now directly owns 253,790 shares of the company’s stock, valued at approximately $3,172,375. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in A-Mark Precious Metals by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 313,079 shares of the company’s stock worth $3,835,000 after purchasing an additional 10,916 shares in the last quarter. Cannell Capital LLC lifted its stake in A-Mark Precious Metals by 66.7% in the 2nd quarter. Cannell Capital LLC now owns 12,500 shares of the company’s stock worth $166,000 after purchasing an additional 5,000 shares in the last quarter. Wedbush Securities Inc. lifted its stake in A-Mark Precious Metals by 6.6% in the 2nd quarter. Wedbush Securities Inc. now owns 63,351 shares of the company’s stock worth $841,000 after purchasing an additional 3,896 shares in the last quarter. Finally, Shufro Rose & Co. LLC lifted its stake in A-Mark Precious Metals by 3.2% in the 2nd quarter. Shufro Rose & Co. LLC now owns 245,850 shares of the company’s stock worth $3,265,000 after purchasing an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 18.25% 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 worldwide. The company offers gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints.
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