State of Wyoming bought a new stake in shares of Gold.com Inc. (NYSE:GOLD – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 18,317 shares of the company’s stock, valued at approximately $780,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. lifted its stake in Gold.com by 76.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company’s stock worth $41,000 after acquiring an additional 418 shares during the period. Evergreen Capital Management LLC boosted its holdings in Gold.com by 77.5% in the third quarter. Evergreen Capital Management LLC now owns 34,059 shares of the company’s stock valued at $1,450,000 after acquiring an additional 14,872 shares in the last quarter. Vision Financial Markets LLC purchased a new position in Gold.com during the 3rd quarter valued at $43,000. Inspire Investing LLC purchased a new position in Gold.com during the 3rd quarter valued at $2,260,000. Finally, Nisa Investment Advisors LLC increased its position in Gold.com by 365.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 10,468 shares of the company’s stock valued at $446,000 after purchasing an additional 8,219 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.
Insider Buying and Selling at Gold.com
In other news, Director Jeffrey D. Benjamin sold 18,973 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $47.82, for a total transaction of $907,288.86. Following the sale, the director owned 304,265 shares in the company, valued at approximately $14,549,952.30. The trade was a 5.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the completion of the sale, the chief executive officer directly owned 28,202 shares in the company, valued at $1,392,050.72. This represents a 46.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders bought 300,000 shares of company stock valued at $11,840,113 and sold 124,859 shares valued at $5,835,628. Insiders own 16.50% of the company’s stock.
Wall Street Analysts Forecast Growth
GOLD has been the subject of several research reports. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Northland Securities set a $55.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Canaccord Genuity Group cut their target price on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, September 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Wall Street Zen downgraded shares of Gold.com from a “hold” rating to a “sell” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.00.
Get Our Latest Stock Report on GOLD
Gold.com Stock Performance
Shares of NYSE:GOLD opened at $37.98 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.01 and a beta of 0.71. The stock has a 50 day moving average price of $42.86 and a 200-day moving average price of $44.71. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70.
Gold.com (NYSE:GOLD – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Gold.com Inc. will post 3.73 EPS for the current fiscal year.
Gold.com Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th were issued a $0.20 dividend. The ex-dividend date was Wednesday, September 16th. Gold.com’s dividend payout ratio is 27.40%.
Gold.com Profile
Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.
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