Gold.com (NYSE:GOLD) Director Sells $2,338,000.00 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $58.45, for a total transaction of $2,338,000.00. Following the transaction, the director owned 726,000 shares in the company, valued at $42,434,700. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Gold.com Price Performance

Shares of NYSE GOLD opened at $56.30 on Thursday. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 119.79 and a beta of 0.41. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

Gold.com (NYSE:GOLD) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $3.41 billion.

Gold.com Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is 170.21%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Roth Mkm set a $60.00 target price on shares of Gold.com in a research note on Wednesday, January 28th. DA Davidson lifted their price target on shares of Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings initiated coverage on Gold.com in a report on Wednesday, January 14th. They issued a “hold (c-)” rating for the company. Finally, Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $59.00.

Hedge Funds Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. Dimensional Fund Advisors LP purchased a new position in Gold.com during the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Gold.com in the 4th quarter valued at $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gold.com in the 4th quarter valued at $17,971,000. Geode Capital Management LLC bought a new position in shares of Gold.com in the 4th quarter worth $15,790,000. Finally, State Street Corp bought a new position in shares of Gold.com in the 4th quarter worth $15,019,000. 62.85% of the stock is currently owned by institutional investors.

Gold.com Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates in 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 various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products.