Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Acquires 40,141 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 40,141 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $41.36 per share, for a total transaction of $1,660,231.76. Following the acquisition, the insider directly owned 141,464 shares of the company’s stock, valued at $5,850,951.04. The trade was a 39.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Wednesday, May 20th, Tether Global Investments Fund bought 56,590 shares of Gold.com stock. The stock was acquired at an average cost of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 19th, Tether Global Investments Fund purchased 44,733 shares of Gold.com stock. The shares were acquired at an average price of $39.40 per share, for a total transaction of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund purchased 530,338 shares of Gold.com stock. The shares were acquired at an average price of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Trading Up 1.8%

NYSE:GOLD opened at $41.77 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 14.30 and a beta of 0.55. 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 $19.39 and a 1 year high of $66.70. The firm has a fifty day moving average price of $43.92.

Gold.com (NYSE:GOLD) last released its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.81 billion. As a group, analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Gold.com declared that its Board of Directors has initiated a share buyback program on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOLD. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, February 6th. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Roth Mkm set a $52.00 price objective on Gold.com in a research report on Thursday, May 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.33.

Hedge Funds Weigh In On Gold.com

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

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.