D.A. Davidson & CO. Invests $628,000 in Gold.com Inc. $GOLD

D.A. Davidson & CO. acquired a new position in Gold.com Inc. (NYSE:GOLD) in the fourth quarter, Holdings Channel.com reports. The fund acquired 18,456 shares of the company’s stock, valued at approximately $628,000.

A number of other institutional investors have also recently made changes to their positions in GOLD. Matisse Capital acquired a new stake in Gold.com during the 4th quarter worth about $248,000. NBC Securities Inc. acquired a new position in shares of Gold.com in the 4th quarter valued at about $107,000. Evergreen Capital Management LLC acquired a new position in shares of Gold.com in the 4th quarter valued at about $2,588,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Gold.com in the 4th quarter valued at about $105,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Gold.com in the 4th quarter valued at about $1,319,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Insiders Place Their Bets

In other Gold.com news, Director Jess M. Ravich sold 62,204 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $63.49, for a total transaction of $3,949,331.96. Following the transaction, the director owned 9,900 shares of the company’s stock, valued at approximately $628,551. This trade represents a 86.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory N. Roberts sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $63.16, for a total value of $5,052,800.00. Following the transaction, the chief executive officer directly owned 28,202 shares in the company, valued at approximately $1,781,238.32. The trade was a 73.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 504,239 shares of company stock valued at $29,856,403. 23.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GOLD has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. Roth Mkm set a $60.00 price target on Gold.com in a research report on Wednesday, January 28th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, February 6th. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings assumed coverage on Gold.com in a research note on Wednesday, January 14th. They set a “hold (c-)” rating on the stock. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Gold.com Trading Up 0.1%

Shares of NYSE GOLD opened at $42.66 on Tuesday. The firm has a market capitalization of $1.08 billion, a PE ratio of 90.77 and a beta of 0.55. The company has a fifty day moving average of $47.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.21. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70.

Gold.com (NYSE:GOLD) last posted its earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion. Gold.com had a return on equity of 7.56% and a net margin of 0.08%. On average, equities analysts forecast that Gold.com Inc. will post 4.34 EPS for the current fiscal year.

Gold.com announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Gold.com Announces Dividend

The firm 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 of this dividend was Friday, February 20th. Gold.com’s dividend payout ratio is 170.21%.

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.