Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Buys $2,523,486.96 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 58,536 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $43.11 per share, for a total transaction of $2,523,486.96. Following the completion of the acquisition, the insider owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. The trade was a 41.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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 Thursday, May 21st, Tether Global Investments Fund bought 40,141 shares of Gold.com stock. The shares were bought at an average price of $41.36 per share, with a total value of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund bought 56,590 shares of Gold.com stock. The shares were bought at an average price of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 19th, Tether Global Investments Fund bought 44,733 shares of Gold.com stock. The shares were bought at an average cost of $39.40 per share, with a total value of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund purchased 530,338 shares of Gold.com stock. The stock was bought at an average price of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Stock Down 1.0%

Gold.com stock opened at $42.39 on Friday. The firm has a 50-day moving average of $43.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. The company has a market cap of $1.23 billion, a PE ratio of 14.52 and a beta of 0.55. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70.

Gold.com (NYSE:GOLD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Equities analysts anticipate that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Gold.com Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 1.9%. Gold.com’s payout ratio is 27.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOLD. Roth Mkm set a $52.00 target price on shares of Gold.com in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. DA Davidson reissued a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Friday, February 6th. Finally, Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. acquired a new stake in Gold.com during the fourth quarter worth about $32,408,000. Gamco Investors INC. ET AL bought a new position in Gold.com in the 4th quarter valued at about $1,083,000. Simcoe Capital LLC acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $3,134,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Gold.com in the 4th quarter valued at approximately $890,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Gold.com during the 4th quarter worth approximately $2,588,000. Institutional investors own 62.85% 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.