Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 44,733 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 44,733 shares of Gold.com stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $39.40 per share, with a total value of $1,762,480.20. Following the purchase, the insider directly owned 44,733 shares of the company’s stock, valued at $1,762,480.20. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 21st, Tether Global Investments Fund bought 40,141 shares of Gold.com stock. The shares were bought at an average price of $41.36 per share, with a total value of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund purchased 56,590 shares of Gold.com stock. The stock was bought at an average cost of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 5th, Tether Global Investments Fund acquired 530,338 shares of Gold.com stock. The shares were bought at an average price of $44.50 per share, with a total value of $23,600,041.00.

Gold.com Price Performance

Shares of GOLD stock opened at $41.77 on Friday. The company’s 50-day moving average is $43.92. Gold.com Inc. has a 1-year low of $19.39 and a 1-year high of $66.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. The company has a market capitalization of $1.21 billion, a P/E ratio of 14.30 and a beta of 0.55.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The business had revenue of $10.35 billion during the quarter, compared to analyst estimates of $4.81 billion. On average, analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com Announces Dividend

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

Gold.com declared 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Gold.com

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in Gold.com in the 4th quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. purchased a new position in Gold.com during the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in Gold.com during the 4th quarter valued at approximately $17,971,000. Geode Capital Management LLC acquired a new stake in Gold.com during the 4th quarter valued at approximately $15,790,000. Finally, State Street Corp purchased a new stake in shares of Gold.com in the 4th quarter valued at $15,019,000. 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.