A-Mark Precious Metals (NASDAQ:AMRK) Receives Hold (C) Rating from Weiss Ratings

Key Points

• A-Mark Precious Metals' stock received a "hold (C)" rating from Weiss Ratings, while other brokerages have varied ratings with a consensus of "Moderate Buy" and an average price target of $33.00.
• The company's latest quarterly earnings report showed an EPS of $0.76, surpassing estimates of $0.57, but revenue fell short of forecasts at $2.51 billion.
• Insiders, including Director Moorhead John, recently sold shares of A-Mark, reflecting a decrease in their positions amidst increased institutional investment in the stock.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on AMRK. DA Davidson reaffirmed a "buy" rating and set a $29.00 target price on shares of A-Mark Precious Metals in a research note on Wednesday, September 10th. Roth Capital upgraded shares of A-Mark Precious Metals to a "strong-buy" rating in a report on Wednesday, September 10th. Finally, Zacks Research upgraded shares of A-Mark Precious Metals from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.00.

A-Mark Precious Metals Price Performance

AMRK traded up $0.20 on Tuesday, reaching $27.70. The company had a trading volume of 128,120 shares, compared to its average volume of 279,896. The company has a fifty day moving average of $24.81 and a 200-day moving average of $23.14. The company has a current ratio of 1.56, a quick ratio of 0.42 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $682.53 million, a P/E ratio of 40.13 and a beta of 0.37. A-Mark Precious Metals has a one year low of $19.39 and a one year high of $44.64.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last issued its quarterly earnings results on Tuesday, September 9th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.19. A-Mark Precious Metals had a return on equity of 7.77% and a net margin of 0.16%.The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period last year, the company posted $0.76 EPS. As a group, equities research analysts anticipate that A-Mark Precious Metals will post 2.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Moorhead John sold 2,600 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $26.97, for a total value of $70,122.00. Following the transaction, the director owned 32,974 shares in the company, valued at $889,308.78. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 23.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of A-Mark Precious Metals by 624.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,143 shares of the company's stock worth $48,000 after acquiring an additional 1,847 shares during the last quarter. Cannell Capital LLC increased its holdings in A-Mark Precious Metals by 22.3% in the second quarter. Cannell Capital LLC now owns 228,384 shares of the company's stock worth $5,066,000 after buying an additional 41,608 shares during the last quarter. Engineers Gate Manager LP increased its holdings in A-Mark Precious Metals by 147.1% in the second quarter. Engineers Gate Manager LP now owns 43,123 shares of the company's stock worth $956,000 after buying an additional 25,674 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of A-Mark Precious Metals by 574.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 48,204 shares of the company's stock worth $1,069,000 after purchasing an additional 41,052 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of A-Mark Precious Metals by 53.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 164,732 shares of the company's stock worth $3,654,000 after purchasing an additional 57,468 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.