Gamco Investors INC. ET AL Makes New $1.08 Million Investment in Gold.com Inc. $GOLD

Gamco Investors INC. ET AL acquired a new position in Gold.com Inc. (NYSE:GOLD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,800 shares of the company’s stock, valued at approximately $1,083,000.

Several other hedge funds have also bought and sold shares of the stock. Simcoe Capital LLC purchased a new stake in Gold.com in the 4th quarter worth approximately $3,134,000. Evergreen Capital Management LLC purchased a new stake in Gold.com in the 4th quarter worth approximately $2,588,000. Caldwell Sutter Capital Inc. purchased a new stake in Gold.com in the 4th quarter worth approximately $1,454,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of Gold.com during the 4th quarter worth approximately $1,319,000. Finally, Mutual Advisors LLC acquired a new position in shares of Gold.com during the 4th quarter worth approximately $1,027,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Trading Up 4.0%

NYSE GOLD opened at $43.45 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 14.88 and a beta of 0.55. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The business’s fifty day simple moving average is $43.78.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $1.62. The business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. Research analysts predict that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, May 20th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Gold.com announced that its board has initiated a share repurchase plan on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

GOLD has been the subject of several research analyst reports. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Northland Securities raised Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Friday, February 6th. 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. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Roth Mkm set a $52.00 price objective on Gold.com in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.33.

Insider Activity at Gold.com

In related news, Director Jeffrey D. Benjamin sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $57.10, for a total transaction of $1,427,500.00. Following the completion of the transaction, the director directly owned 569,664 shares in the company, valued at $32,527,814.40. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Tether Global Investments Fund bought 530,338 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were purchased at an average price of $44.50 per share, with a total value of $23,600,041.00. Following the completion of the acquisition, the insider directly owned 3,370,787 shares in the company, valued at $150,000,021.50. This trade represents a 18.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 671,802 shares of company stock worth $29,318,609 and sold 209,158 shares worth $10,307,821. 0.63% of the stock is currently owned by company insiders.

Gold.com 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.