Mutual Advisors LLC Takes $1.03 Million Position in Gold.com Inc. $GOLD

Mutual Advisors LLC purchased a new stake in Gold.com Inc. (NYSE:GOLD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 30,149 shares of the company’s stock, valued at approximately $1,027,000.

Several other hedge funds have also made changes to their positions in GOLD. Daytona Street Capital LLC purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $68,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $890,000. State of Alaska Department of Revenue purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $44,000. CWM LLC purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Gold.com in the 4th quarter valued at approximately $1,319,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Stock Performance

Gold.com stock opened at $42.66 on Tuesday. Gold.com Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $66.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.66. The firm has a 50 day moving average of $47.46. The firm has a market cap of $1.08 billion, a P/E ratio of 90.77 and a beta of 0.55.

Gold.com (NYSE:GOLD) last posted its earnings results on Thursday, February 5th. The company reported $0.91 earnings per share 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 firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion. As a group, equities research analysts forecast that Gold.com Inc. will post 4.34 earnings per share for the current year.

Gold.com declared that its Board of Directors has approved a stock buyback plan on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Gold.com Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is 170.21%.

Insider Activity at Gold.com

In related news, major shareholder William A. Richardson sold 20,000 shares of Gold.com stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total value of $800,000.00. Following the completion of the sale, the insider owned 277,400 shares in the company, valued at approximately $11,096,000. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey D. Benjamin sold 24,683 shares of Gold.com stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $50.17, for a total transaction of $1,238,346.11. Following the completion of the sale, the director owned 502,506 shares of the company’s stock, valued at $25,210,726.02. This trade represents a 4.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 504,239 shares of company stock worth $29,856,403. Insiders own 23.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Tuesday, April 28th. Weiss Ratings initiated coverage on shares of Gold.com in a research report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research report on Friday, February 6th. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Roth Mkm set a $60.00 price objective on shares of Gold.com in a research report on Wednesday, January 28th. Three investment 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 a consensus price target of $59.00.

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.