Jacobs Asset Management LLC trimmed its position in shares of Gold.com Inc. (NYSE:GOLD – Free Report) by 14.2% during the first quarter, Holdings Channel.com reports. The fund owned 257,500 shares of the company’s stock after selling 42,500 shares during the quarter. Gold.com comprises 6.2% of Jacobs Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Jacobs Asset Management LLC’s holdings in Gold.com were worth $10,321,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in Gold.com in the 4th quarter worth about $40,273,000. Charles Schwab Investment Management Inc. bought a new position in shares of Gold.com during the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gold.com in the 4th quarter worth approximately $17,971,000. Geode Capital Management LLC bought a new position in shares of Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp bought a new position in shares of Gold.com in the fourth quarter valued at approximately $15,019,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.
Gold.com Price Performance
Shares of GOLD opened at $39.35 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 13.48 and a beta of 0.55. The company has a fifty day moving average price of $41.33. 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 $20.55 and a 1 year high of $66.70.
Gold.com Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 2.0%. Gold.com’s dividend payout ratio (DPR) is 27.40%.
Gold.com declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 shares. This repurchase authorization authorizes the company to buy up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of analysts recently commented on GOLD shares. Roth Capital set a $52.00 price target on Gold.com in a report on Thursday, May 7th. DA Davidson restated 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 began coverage on Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 target price on the stock. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.75.
Read Our Latest Stock Analysis on GOLD
Insider Buying and Selling
In other Gold.com news, major shareholder Tether Global Investments Fund bought 530,338 shares of the stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $44.50 per share, with a total value 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. The trade was a 18.67% increase in their position. The transaction 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 stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased a total of 730,338 shares of company stock valued at $31,842,096 over the last quarter. 0.63% of the stock is owned by company insiders.
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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