Gold.com Inc. $GOLD Holdings Boosted by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC raised its stake in Gold.com Inc. (NYSE:GOLD) by 740.1% in the first quarter, HoldingsChannel.com reports. The fund owned 124,761 shares of the company’s stock after buying an additional 109,910 shares during the quarter. Gold.com accounts for 0.8% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 15th biggest position. Counterpoint Mutual Funds LLC’s holdings in Gold.com were worth $5,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. CWM LLC bought a new stake in shares of Gold.com in the 4th quarter worth approximately $35,000. Larson Financial Group LLC acquired a new position in Gold.com during the 4th quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd bought a new position in Gold.com during the 4th quarter worth $42,000. State of Alaska Department of Revenue bought a new position in Gold.com during the 4th quarter worth $44,000. Finally, New York State Teachers Retirement System acquired a new stake in Gold.com in the fourth quarter worth $55,000. 62.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GOLD shares. Canaccord Genuity Group started coverage on Gold.com in a research note on Tuesday, June 9th. They issued a “buy” rating and a $70.00 target price on the stock. Roth Mkm set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Gold.com Stock Performance

Shares of GOLD stock opened at $43.86 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a 1 year low of $20.55 and a 1 year high of $66.70. The stock’s fifty day simple moving average is $42.51. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 15.02 and a beta of 0.55.

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

Gold.com Dividend Announcement

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

Gold.com announced that its Board of Directors has approved a stock buyback program on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Gold.com

In other Gold.com news, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tether Global Investments Fund bought 530,338 shares of the stock in a transaction on Tuesday, May 5th. The shares were bought at an average cost of $44.50 per share, for a total transaction of $23,600,041.00. Following the purchase, the insider owned 3,370,787 shares in the company, valued at $150,000,021.50. This trade represents a 18.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 730,338 shares of company stock valued at $31,842,096 in the last quarter. 0.63% of the stock is currently owned by insiders.

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.