Tether Global Investments Fund Purchases 44,733 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 44,733 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $39.40 per share, with a total value of $1,762,480.20. Following the completion of the purchase, the insider owned 44,733 shares of the company’s stock, valued at $1,762,480.20. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 21st, Tether Global Investments Fund acquired 40,141 shares of Gold.com stock. The shares were bought at an average cost of $41.36 per share, with a total value of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund acquired 56,590 shares of Gold.com stock. The shares were bought at an average cost of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 5th, Tether Global Investments Fund acquired 530,338 shares of Gold.com stock. The shares were bought at an average cost of $44.50 per share, with a total value of $23,600,041.00.

Gold.com Stock Up 1.8%

Shares of Gold.com stock traded up $0.76 during trading on Thursday, reaching $41.77. 369,550 shares of the company were exchanged, compared to its average volume of 614,021. 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 twelve month low of $19.39 and a twelve month high of $66.70. The business’s 50-day simple moving average is $43.92. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 14.30 and a beta of 0.55.

Gold.com (NYSE:GOLD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 EPS 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 business had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. On average, equities research analysts forecast that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com Dividend Announcement

The firm 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 annualized dividend and a yield of 1.9%. Gold.com’s payout ratio is currently 27.40%.

Gold.com declared that its board has authorized a stock buyback program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to purchase 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 stock is undervalued.

Analysts Set New Price Targets

GOLD has been the topic of several recent analyst reports. Weiss Ratings upgraded Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, February 6th. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. Zacks Research lowered Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Roth Mkm set a $52.00 price target on Gold.com in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.33.

Hedge Funds Weigh In On Gold.com

A number of institutional investors have recently bought and sold shares of the business. Swiss National Bank increased its position in Gold.com by 1.4% during the first quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after buying an additional 500 shares during the last quarter. CWM LLC acquired a new position in Gold.com during the fourth quarter worth approximately $35,000. Larson Financial Group LLC acquired a new position in Gold.com during the fourth quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new position in Gold.com during the fourth quarter worth approximately $42,000. Finally, State of Alaska Department of Revenue acquired a new position in Gold.com during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

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.