Pacer Advisors Inc. Invests $6.18 Million in Gold.com Inc. $GOLD

Pacer Advisors Inc. bought a new position in Gold.com Inc. (NYSE:GOLD) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 181,633 shares of the company’s stock, valued at approximately $6,185,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Gold.com during the fourth quarter valued at about $960,000. Invesco Ltd. purchased a new position in shares of Gold.com in the 4th quarter worth about $2,087,000. Empowered Funds LLC purchased a new position in shares of Gold.com in the 4th quarter worth about $6,619,000. Voloridge Investment Management LLC bought a new position in shares of Gold.com during the 4th quarter valued at about $636,000. Finally, Susquehanna Portfolio Strategies LLC bought a new position in shares of Gold.com during the 4th quarter valued at about $1,245,000. Institutional investors own 62.85% of the company’s stock.

Gold.com Trading Down 0.9%

Shares of NYSE:GOLD opened at $41.85 on Tuesday. The company has a market capitalization of $1.21 billion, a PE ratio of 14.33 and a beta of 0.53. The company’s 50-day moving average is $43.17. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a 12-month low of $20.54 and a 12-month high of $66.70.

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

Gold.com Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s dividend payout ratio is 27.40%.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Roth Mkm set a $52.00 target price on Gold.com in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Canaccord Genuity Group began coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $59.75.

Insider Transactions at Gold.com

In other news, major shareholder Tether Global Investments Fund purchased 530,338 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average cost of $44.50 per share, for a total transaction of $23,600,041.00. Following the acquisition, the insider directly owned 3,370,787 shares of the company’s stock, valued at $150,000,021.50. This represents a 18.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. The trade was a 58.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have bought 730,338 shares of company stock worth $31,842,096 and have sold 90,000 shares worth $3,723,200. Company insiders own 23.10% of the company’s stock.

Gold.com 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.