Strs Ohio bought a new stake in Gold.com Inc. (NYSE:GOLD – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,200 shares of the company’s stock, valued at approximately $569,000. Strs Ohio owned about 0.06% of Gold.com as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the company. CWM LLC acquired a new stake in shares of Gold.com in the fourth quarter valued at $35,000. Larson Financial Group LLC acquired a new position in Gold.com during the 4th quarter worth about $41,000. Caitong International Asset Management Co. Ltd purchased a new position in Gold.com during the 4th quarter valued at about $42,000. State of Alaska Department of Revenue purchased a new position in Gold.com during the 4th quarter valued at about $44,000. Finally, New York State Teachers Retirement System acquired a new position in Gold.com in the 4th quarter valued at about $55,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on GOLD shares. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Canaccord Genuity Group assumed coverage on shares of Gold.com in a report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective for the company. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Roth Capital set a $52.00 target price on shares of Gold.com in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.75.
Gold.com Stock Up 1.0%
GOLD stock opened at $41.71 on Friday. The stock’s 50 day simple moving average is $42.18. The stock has a market capitalization of $1.21 billion, a PE ratio of 14.28 and a beta of 0.55. Gold.com Inc. has a fifty-two week low of $20.55 and a fifty-two week 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.
Gold.com (NYSE:GOLD – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. As a group, sell-side analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current year.
Gold.com Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were issued a $0.20 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Gold.com’s dividend payout ratio is presently 27.40%.
Gold.com announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 shares. This repurchase authorization permits the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Insiders Place Their Bets
In related news, major shareholder Tether Global Investments Fund purchased 530,338 shares of Gold.com stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of $44.50 per share, with a total value of $23,600,041.00. Following the completion of the transaction, the insider directly owned 3,370,787 shares in the company, valued at approximately $150,000,021.50. The trade was a 18.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory N. Roberts sold 40,000 shares of the company’s 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 completion of the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders purchased a total of 730,338 shares of company stock worth $31,842,096 over the last ninety days. Insiders own 0.63% 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.
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