Insider Selling: Gold.com (NYSE:GOLD) Director Sells 14,540 Shares of Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 14,540 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $56.80, for a total value of $825,872.00. Following the completion of the transaction, the director owned 530,124 shares in the company, valued at $30,111,043.20. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gold.com Stock Down 2.4%

Gold.com stock traded down $1.31 during mid-day trading on Friday, reaching $53.29. 181,667 shares of the company were exchanged, compared to its average volume of 857,724. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 113.38 and a beta of 0.40. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43.

Gold.com (NYSE:GOLD) last released its earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion.

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Gold.com’s dividend payout ratio is presently 170.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. acquired a new stake in shares of Gold.com in the 4th quarter worth approximately $298,000. Caldwell Sutter Capital Inc. purchased a new stake in Gold.com during the fourth quarter worth $1,454,000. New York State Teachers Retirement System purchased a new stake in Gold.com during the fourth quarter worth $55,000. Mutual Advisors LLC acquired a new stake in Gold.com in the fourth quarter valued at $1,027,000. Finally, LPL Financial LLC purchased a new position in shares of Gold.com in the fourth quarter valued at $323,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on GOLD shares. Roth Mkm set a $60.00 target price on shares of Gold.com in a report on Wednesday, January 28th. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Friday, February 6th. DA Davidson lifted their price objective on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 6th. Zacks Research upgraded Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings initiated coverage on Gold.com in a report on Wednesday, January 14th. They issued a “hold (c-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $59.00.

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.