Gold.com (NYSE:GOLD) Major Shareholder Purchases $23,600,041.00 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 530,338 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average price of $44.50 per share, for a total transaction of $23,600,041.00. Following the completion of the acquisition, the insider owned 3,370,787 shares in the company, valued at $150,000,021.50. The trade was a 18.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Gold.com Trading Up 4.5%

GOLD stock opened at $45.49 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The firm has a market cap of $1.15 billion, a PE ratio of 15.58 and a beta of 0.55. The business has a 50-day moving average price of $46.60.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $1.62. Gold.com had a return on equity of 19.12% and a net margin of 0.35%.The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $4.81 billion. As a group, equities analysts forecast that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com announced that its board has initiated a stock buyback program on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization permits the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, May 20th. Gold.com’s payout ratio is presently 27.40%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GOLD shares. Roth Mkm set a $52.00 target price on Gold.com in a report on Thursday. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a report on Friday, February 6th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GOLD. Daytona Street Capital LLC acquired a new position in shares of Gold.com during the 4th quarter worth approximately $68,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Gold.com during the 4th quarter valued at approximately $890,000. State of Alaska Department of Revenue purchased a new stake in shares of Gold.com during the 4th quarter valued at approximately $44,000. CWM LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at approximately $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Gold.com during the 4th quarter valued at approximately $1,319,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

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.