Globeflex Capital L P Has $2.76 Million Holdings in Gold.com Inc. $GOLD

Globeflex Capital L P increased its holdings in Gold.com Inc. (NYSE:GOLD) by 115.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 68,773 shares of the company’s stock after purchasing an additional 36,826 shares during the period. Globeflex Capital L P’s holdings in Gold.com were worth $2,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CWM LLC bought a new position in Gold.com during the 4th quarter worth $35,000. Larson Financial Group LLC bought a new stake in shares of Gold.com in the 4th quarter valued at about $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gold.com in the fourth quarter valued at about $42,000. State of Alaska Department of Revenue acquired a new position in shares of Gold.com in the fourth quarter worth approximately $44,000. Finally, New York State Teachers Retirement System bought a new stake in Gold.com in the fourth quarter valued at approximately $55,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gold.com

In related news, major shareholder Tether Global Investments Fund bought 530,338 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of $44.50 per share, with a total value of $23,600,041.00. Following the completion of the purchase, the insider directly owned 3,370,787 shares in the company, valued at $150,000,021.50. The trade was a 18.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was 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 of the company’s stock, valued at $1,172,639.16. The trade was a 58.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 730,338 shares of company stock worth $31,842,096. 0.63% of the stock is owned by insiders.

Gold.com Price Performance

NYSE GOLD opened at $40.11 on Thursday. The firm has a market capitalization of $1.16 billion, a PE ratio of 13.74 and a beta of 0.55. The business’s 50 day simple moving average is $41.33. 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 one year low of $20.55 and a one year high of $66.70.

Gold.com (NYSE:GOLD) last issued its quarterly 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. The firm 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 analysts expect that Gold.com Inc. will post 5.31 earnings per share for the current year.

Gold.com announced 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 shares. This repurchase authorization permits the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Gold.com Announces Dividend

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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Gold.com’s payout ratio is presently 27.40%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. DA Davidson reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Canaccord Genuity Group began coverage on shares of Gold.com in a research report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price objective for the company. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Roth Capital set a $52.00 target price on shares of Gold.com in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

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.