Gamco Investors INC. ET AL Trims Stake in Gold.com Inc. $GOLD

Gamco Investors INC. ET AL cut its holdings in Gold.com Inc. (NYSE:GOLD) by 57.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,500 shares of the company’s stock after selling 18,300 shares during the period. Gamco Investors INC. ET AL’s holdings in Gold.com were worth $541,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GOLD. CWM LLC purchased a new stake in shares of Gold.com in the 4th quarter worth $35,000. Larson Financial Group LLC purchased a new position in Gold.com during the fourth quarter valued at $41,000. Caitong International Asset Management Co. Ltd bought a new stake in Gold.com during the fourth quarter valued at about $42,000. State of Alaska Department of Revenue bought a new stake in Gold.com during the fourth quarter valued at about $44,000. Finally, New York State Teachers Retirement System purchased a new stake in Gold.com in the fourth quarter worth about $55,000. Institutional investors own 62.85% of the company’s stock.

Insider Activity at Gold.com

In related news, major shareholder Tether Global Investments Fund bought 58,536 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $43.11 per share, with a total value of $2,523,486.96. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction on 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 completion of the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 730,338 shares of company stock worth $31,842,096. Company insiders own 0.63% of the company’s stock.

Gold.com Stock Down 1.9%

NYSE GOLD opened at $40.03 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a twelve month low of $20.55 and a twelve month high of $66.70. The stock has a 50-day simple moving average of $41.36. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.71 and a beta of 0.55.

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, beating 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 company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Research analysts expect that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Gold.com Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Wall Street Analysts Forecast Growth

GOLD has been the topic of a number of analyst reports. Roth Capital set a $52.00 price objective on Gold.com in a research report on Thursday, May 7th. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Canaccord Genuity Group initiated coverage on shares of Gold.com in a report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target on the stock. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.75.

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.