Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Purchases $2,295,856.30 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 56,590 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $40.57 per share, for a total transaction of $2,295,856.30. Following the acquisition, the insider directly owned 101,323 shares in the company, valued at $4,110,674.11. This trade represents a 126.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock 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 bought 40,141 shares of Gold.com stock. The shares were purchased at an average cost of $41.36 per share, for a total transaction of $1,660,231.76.
• On Tuesday, May 19th, Tether Global Investments Fund bought 44,733 shares of Gold.com stock. The shares were purchased at an average cost of $39.40 per share, for a total transaction of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund bought 530,338 shares of Gold.com stock. The shares were purchased at an average cost of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Trading Up 4.0%

Gold.com stock opened at $43.45 on Friday. The business’s 50 day moving average price is $43.78. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 14.88 and a beta of 0.55. Gold.com Inc. has a 1-year low of $19.39 and a 1-year high of $66.70.

Gold.com (NYSE:GOLD) last posted 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. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. Research analysts forecast that Gold.com Inc. will post 5.31 earnings per share for the current year.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Gold.com’s dividend payout ratio is presently 27.40%.

Gold.com declared that its Board of Directors has approved a share buyback program on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. 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 report on Friday, February 6th. Roth Mkm set a $52.00 price target on shares of Gold.com in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. 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, Gold.com presently has an average rating of “Moderate Buy” and a consensus price target of $56.33.

Hedge Funds Weigh In On Gold.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank grew its holdings in shares of Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company’s stock valued at $1,463,000 after purchasing an additional 500 shares during the last quarter. CWM LLC bought a new position in shares of Gold.com during the 4th quarter valued at $35,000. Larson Financial Group LLC bought a new position in shares of Gold.com during the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com during the 4th quarter valued at $42,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Gold.com during the 4th quarter valued at $44,000. Institutional investors own 62.85% of the company’s stock.

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.