92,050 Shares in Gold.com Inc. $GOLD Acquired by Simcoe Capital LLC

Simcoe Capital LLC acquired a new position in shares of Gold.com Inc. (NYSE:GOLD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 92,050 shares of the company’s stock, valued at approximately $3,134,000. Gold.com comprises approximately 3.0% of Simcoe Capital LLC’s portfolio, making the stock its 19th largest holding.

Other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Gold.com during the 4th quarter worth approximately $890,000. Evergreen Capital Management LLC bought a new position in shares of Gold.com during the 4th quarter worth approximately $2,588,000. Mutual Advisors LLC bought a new position in shares of Gold.com during the 4th quarter worth approximately $1,027,000. Nations Financial Group Inc. IA ADV bought a new position in shares of Gold.com during the 4th quarter worth approximately $1,319,000. Finally, D.A. Davidson & CO. bought a new position in shares of Gold.com during the 4th quarter worth approximately $628,000. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gold.com Trading Down 2.8%

NYSE:GOLD opened at $42.19 on Wednesday. The stock has a market cap of $1.07 billion, a P/E ratio of 14.45 and a beta of 0.55. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.21. The stock’s 50 day moving average is $45.82.

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

Gold.com Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Gold.com’s payout ratio is currently 27.40%.

Gold.com announced that its board has approved a share repurchase program on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 shares. This buyback authorization authorizes the company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Gold.com

In other Gold.com news, EVP Carol Meltzer sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $56.38, for a total transaction of $112,760.00. Following the sale, the executive vice president owned 23,500 shares of the company’s stock, valued at approximately $1,324,930. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tether Global Investments Fund bought 530,338 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of $44.50 per share, for a total transaction of $23,600,041.00. Following the transaction, 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 SEC filing for this purchase provides additional information. Insiders sold a total of 294,658 shares of company stock worth $16,678,516 in the last quarter. 23.10% of the stock is currently owned by company insiders.

About Gold.com

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.