Gold.com (NYSE:GOLD) Director Sells $825,872.00 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 14,540 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $56.80, for a total transaction of $825,872.00. Following the completion of the sale, the director directly owned 530,124 shares in the company, valued at approximately $30,111,043.20. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Gold.com Stock Performance

GOLD traded down $1.31 during midday trading on Friday, reaching $53.29. 181,667 shares of the company’s stock were exchanged, compared to its average volume of 857,724. Gold.com Inc. has a 1-year low of $19.39 and a 1-year high of $66.70. The stock has a market cap of $1.35 billion, a P/E ratio of 113.38 and a beta of 0.40. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43.

Gold.com (NYSE:GOLD) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. Gold.com had a net margin of 0.08% and a return on equity of 7.56%. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion.

Gold.com Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio is 170.21%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research upgraded Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Friday, February 6th. DA Davidson raised their price target on shares of Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings began coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Finally, Roth Mkm set a $60.00 price objective on shares of Gold.com in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $59.00.

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.