300,000 Shares in Gold.com Inc. $GOLD Bought by Jacobs Asset Management LLC

Jacobs Asset Management LLC bought a new position in Gold.com Inc. (NYSE:GOLD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 300,000 shares of the company’s stock, valued at approximately $10,215,000. Gold.com accounts for about 5.7% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors also recently bought and sold shares of GOLD. Dimensional Fund Advisors LP bought a new position in Gold.com in the 4th quarter worth $40,273,000. Charles Schwab Investment Management Inc. bought a new stake in Gold.com during the fourth quarter valued at about $32,408,000. Jacobs Levy Equity Management Inc. bought a new stake in Gold.com during the fourth quarter valued at about $17,971,000. Geode Capital Management LLC bought a new stake in Gold.com during the fourth quarter valued at about $15,790,000. Finally, State Street Corp bought a new stake in Gold.com during the fourth quarter valued at about $15,019,000. 62.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Roth Mkm set a $52.00 price target on Gold.com in a report on Thursday, May 7th. Canaccord Genuity Group assumed coverage on Gold.com in a report on Tuesday. They set a “buy” rating and a $70.00 price target on the stock. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Zacks Research raised Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, June 1st. Finally, DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $59.75.

Insider Buying and Selling

In related news, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Tether Global Investments Fund purchased 530,338 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $44.50 per share, with a total value of $23,600,041.00. Following the transaction, the insider owned 3,370,787 shares of the company’s stock, valued at $150,000,021.50. This represents a 18.67% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 730,338 shares of company stock worth $31,842,096 and sold 90,000 shares worth $3,723,200. 0.63% of the stock is currently owned by company insiders.

Gold.com Trading Up 2.0%

Shares of GOLD stock opened at $44.15 on Friday. Gold.com Inc. has a 12-month low of $20.54 and a 12-month high of $66.70. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $43.21. The company has a market capitalization of $1.28 billion, a PE ratio of 15.12 and a beta of 0.53.

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

Gold.com Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a $0.20 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 1.8%. Gold.com’s dividend payout ratio (DPR) is currently 27.40%.

Gold.com declared that its board has approved a stock buyback 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 usually an indication that the company’s management believes its stock is undervalued.

About Gold.com

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.