Gold.com Inc. (NYSE:GOLD – Get Free Report) major shareholder Tether Global Investments Fund acquired 58,536 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $43.11 per share, with a total value of $2,523,486.96. Following the completion of the transaction, the insider owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. This trade represents a 41.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock 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, for a total transaction of $1,660,231.76.
- On Wednesday, May 20th, Tether Global Investments Fund bought 56,590 shares of Gold.com stock. The shares were bought at an average price of $40.57 per share, for a total transaction of $2,295,856.30.
- On Tuesday, May 19th, Tether Global Investments Fund bought 44,733 shares of Gold.com stock. The shares were bought at an average price of $39.40 per share, for a total transaction of $1,762,480.20.
- On Tuesday, May 5th, Tether Global Investments Fund bought 530,338 shares of Gold.com stock. The shares were bought at an average price of $44.50 per share, for a total transaction of $23,600,041.00.
Gold.com Trading Down 2.0%
Shares of GOLD opened at $42.29 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The company has a market capitalization of $1.23 billion, a PE ratio of 14.48 and a beta of 0.55. The stock’s 50-day moving average is $43.50.
Gold.com declared that its Board of Directors has initiated a share buyback program on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to buy 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 shares are undervalued.
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 issued a dividend of $0.20 per share. The ex-dividend date 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%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, February 6th. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Roth Mkm set a $52.00 price objective on Gold.com in a report on Thursday, May 7th. Finally, DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Three 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, Gold.com has an average rating of “Moderate Buy” and a consensus target price of $56.33.
Check Out Our Latest Stock Report on GOLD
Hedge Funds Weigh In On Gold.com
Institutional investors have recently modified their holdings of the business. CWM LLC bought a new position in shares of Gold.com during the 4th quarter valued at about $35,000. Larson Financial Group LLC bought a new stake in Gold.com in the 4th quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com in the 4th quarter valued at approximately $42,000. State of Alaska Department of Revenue bought a new stake in Gold.com in the 4th quarter valued at approximately $44,000. Finally, New York State Teachers Retirement System bought a new stake in Gold.com in the 4th quarter valued at approximately $55,000. Institutional investors own 62.85% of the company’s stock.
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.
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