Jeffrey Benjamin Sells 3,652 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 3,652 shares of Gold.com stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $47.07, for a total value of $171,899.64. Following the transaction, the director owned 300,613 shares in the company, valued at $14,149,853.91. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gold.com Stock Performance

NYSE GOLD traded down $2.80 during trading hours on Friday, reaching $44.07. 216,224 shares of the company’s stock were exchanged, compared to its average volume of 615,137. Gold.com Inc. has a one year low of $23.00 and a one year high of $66.70. The company’s 50-day moving average is $43.36 and its two-hundred day moving average is $43.78. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.09 and a beta of 0.56.

Gold.com (NYSE:GOLD) last announced its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. Gold.com had a return on equity of 17.22% and a net margin of 0.32%.During the same period in the previous year, the company posted $0.41 earnings per share. Research analysts predict that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 16th. Gold.com’s payout ratio is 27.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GOLD. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Canaccord Genuity Group reduced their price target on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GOLD. SkyView Investment Advisors LLC bought a new stake in shares of Gold.com in the 2nd quarter valued at about $125,000. WINTON GROUP Ltd grew its holdings in Gold.com by 7.6% during the second quarter. WINTON GROUP Ltd now owns 9,900 shares of the company’s stock worth $412,000 after purchasing an additional 700 shares during the period. Integrated Wealth Concepts LLC bought a new position in Gold.com during the second quarter worth about $225,000. Squarepoint Ops LLC acquired a new position in Gold.com during the second quarter worth approximately $387,000. Finally, Arizona State Retirement System increased its position in Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company’s stock worth $226,000 after buying an additional 359 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Company Profile

Gold.com, Inc, together with its subsidiaries, operates as a precious metals 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 segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.