Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Buys 56,590 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund purchased 56,590 shares of Gold.com stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $40.57 per share, for a total transaction of $2,295,856.30. Following the purchase, the insider directly owned 101,323 shares in the company, valued at $4,110,674.11. This trade represents a 126.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Thursday, May 21st, Tether Global Investments Fund purchased 40,141 shares of Gold.com stock. The stock was bought at an average cost of $41.36 per share, for a total transaction of $1,660,231.76.
• On Tuesday, May 19th, Tether Global Investments Fund purchased 44,733 shares of Gold.com stock. The stock was bought at an average cost of $39.40 per share, for a total transaction of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund purchased 530,338 shares of Gold.com stock. The stock was bought at an average cost of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Stock Up 1.8%

GOLD stock traded up $0.76 during trading on Thursday, hitting $41.77. The company had a trading volume of 369,550 shares, compared to its average volume of 614,021. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.32 and a beta of 0.55. Gold.com Inc. has a 52-week low of $19.39 and a 52-week high of $66.70. The firm has a 50 day moving average of $43.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29.

Gold.com (NYSE:GOLD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 EPS 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 17.82%. Sell-side analysts forecast that Gold.com Inc. will post 5.31 earnings per share for the current year.

Gold.com Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Gold.com declared that its board has approved a share repurchase plan on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

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

Institutional Trading of Gold.com

A number of institutional investors have recently modified their holdings of the company. Swiss National Bank boosted its holdings in shares of Gold.com by 1.4% in the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after buying an additional 500 shares in the last quarter. CWM LLC bought a new stake in shares of Gold.com in the 4th quarter valued at about $35,000. Larson Financial Group LLC bought a new stake in shares of Gold.com in the 4th quarter valued at about $41,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com in the 4th quarter valued at about $42,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Gold.com in the 4th quarter valued at about $44,000. 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.