Gold.com (NYSE:GOLD) Major Shareholder Acquires $1,660,231.76 in Stock

Gold.com Inc. (NYSE:GOLDGet Free Report) major shareholder Tether Global Investments Fund bought 40,141 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $41.36 per share, for a total transaction of $1,660,231.76. Following the transaction, the insider owned 141,464 shares in the company, valued at $5,850,951.04. The trade was a 39.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, May 20th, Tether Global Investments Fund bought 56,590 shares of Gold.com stock. The stock was purchased at an average cost 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 stock was purchased at an average cost 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 stock was purchased at an average cost of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Stock Performance

Shares of Gold.com stock opened at $43.45 on Friday. The company has a 50 day moving average price of $43.78. Gold.com Inc. has a 52-week low of $19.39 and a 52-week high of $66.70. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 14.88 and a beta of 0.55. 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:GOLDGet Free Report) last announced its 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. Gold.com had a return on equity of 17.82% and a net margin of 0.35%.The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. As a group, equities research analysts predict that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. Gold.com’s payout ratio is 27.40%.

Gold.com declared that its board has authorized a stock 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 reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. bought a new position in shares of Gold.com during the 4th quarter worth approximately $32,408,000. Gamco Investors INC. ET AL bought a new position in shares of Gold.com during the 4th quarter worth approximately $1,083,000. Simcoe Capital LLC bought a new position in shares of Gold.com during the 4th quarter worth approximately $3,134,000. Massachusetts Financial Services Co. MA bought a new position in shares of Gold.com during the 4th quarter worth approximately $890,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Gold.com during the 4th quarter worth approximately $2,588,000. 62.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Tuesday, April 28th. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Northland Securities raised Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, February 6th. Finally, Roth Mkm set a $52.00 price target on Gold.com in a research report on Thursday, May 7th. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $56.33.

Get Our Latest Research Report on GOLD

Gold.com Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Gold.com (NYSE:GOLD)

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