65,323 Shares in Gold.com Inc. $GOLD Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Gold.com Inc. (NYSE:GOLD) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 65,323 shares of the company’s stock, valued at approximately $2,618,000.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in shares of Gold.com during the fourth quarter valued at $35,000. Larson Financial Group LLC acquired a new stake in shares of Gold.com in the 4th quarter worth about $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gold.com in the 4th quarter worth about $42,000. State of Alaska Department of Revenue bought a new stake in Gold.com in the 4th quarter valued at about $44,000. Finally, New York State Teachers Retirement System acquired a new position in Gold.com during the 4th quarter valued at about $55,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Gold.com news, major shareholder Tether Global Investments Fund bought 530,338 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of $44.50 per share, for a total transaction of $23,600,041.00. Following the acquisition, the insider directly owned 3,370,787 shares of the company’s stock, valued at $150,000,021.50. This trade represents a 18.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have bought 730,338 shares of company stock valued at $31,842,096. Insiders own 23.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on GOLD. Canaccord Genuity Group started coverage on shares of Gold.com in a research note on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research report on Tuesday, April 28th. Roth Capital set a $52.00 price objective on Gold.com in a report on Thursday, May 7th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.75.

Gold.com Trading Down 1.6%

Shares of NYSE:GOLD opened at $43.34 on Wednesday. The stock has a 50 day moving average of $42.38. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 14.84 and a beta of 0.55. Gold.com Inc. has a twelve month low of $20.55 and a twelve month high of $66.70. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 EPS 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 business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. Equities research analysts forecast that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com announced that its board has approved a share repurchase plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Gold.com Announces Dividend

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

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.