State of Wyoming Takes Position in Gold.com Inc. $GOLD

State of Wyoming bought a new position in shares of Gold.com Inc. (NYSE:GOLD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 23,214 shares of the company’s stock, valued at approximately $790,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC bought a new position in Gold.com during the fourth quarter worth $35,000. Larson Financial Group LLC bought a new position in Gold.com during the fourth quarter worth $41,000. State of Alaska Department of Revenue bought a new position in Gold.com during the fourth quarter worth $44,000. New York State Teachers Retirement System bought a new position in Gold.com during the fourth quarter worth $55,000. Finally, Daytona Street Capital LLC bought a new position in Gold.com during the fourth quarter worth $68,000. 62.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GOLD shares. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday. DA Davidson reissued a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Roth Mkm set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research note on Friday, February 6th. Finally, Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Gold.com has a consensus rating of “Buy” and an average price target of $56.33.

Gold.com Trading Up 4.3%

Gold.com stock opened at $40.92 on Friday. Gold.com Inc. has a 1-year low of $20.26 and a 1-year high of $66.70. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 14.01 and a beta of 0.53. The firm has a fifty day simple moving average of $43.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. On average, research analysts forecast that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

Gold.com announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 shares. This repurchase authorization permits the company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Gold.com

In other Gold.com news, major shareholder Tether Global Investments Fund acquired 530,338 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of $44.50 per share, with a total value of $23,600,041.00. Following the completion of the purchase, the insider owned 3,370,787 shares of the company’s stock, valued at approximately $150,000,021.50. This represents a 18.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey D. Benjamin sold 24,683 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 502,506 shares in the company, valued at $25,210,726.02. This trade represents a 4.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 730,338 shares of company stock valued at $31,842,096 and sold 114,683 shares valued at $4,961,546. Corporate insiders own 0.63% of the company’s stock.

Gold.com 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.