Insider Selling: Gold.com (NYSE:GOLD) CEO Sells 30,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 30,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $42.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer owned 28,202 shares in the company, valued at $1,184,484. The trade was a 51.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Gold.com Stock Performance

NYSE GOLD traded down $0.30 during mid-day trading on Wednesday, reaching $41.87. 221,029 shares of the stock were exchanged, compared to its average volume of 735,162. The business has a 50 day simple moving average of $45.82. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The stock has a market cap of $1.06 billion, a P/E ratio of 14.32 and a beta of 0.55. 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 posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $1.62. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 19.12%. Equities analysts predict that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com announced that its Board of Directors has approved a share buyback plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Gold.com Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in Gold.com in the fourth quarter worth approximately $890,000. Evergreen Capital Management LLC purchased a new position in Gold.com in the fourth quarter worth approximately $2,588,000. Mutual Advisors LLC purchased a new position in Gold.com in the fourth quarter worth approximately $1,027,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Gold.com during the 4th quarter worth approximately $1,319,000. Finally, Simcoe Capital LLC purchased a new stake in shares of Gold.com during the 4th quarter worth approximately $3,134,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

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.