Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Purchases 40,141 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 40,141 shares of Gold.com stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $41.36 per share, with a total value of $1,660,231.76. Following the purchase, the insider directly owned 141,464 shares of the company’s stock, valued at approximately $5,850,951.04. This trade represents a 39.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Wednesday, May 20th, Tether Global Investments Fund acquired 56,590 shares of Gold.com stock. The stock was bought at an average price of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 19th, Tether Global Investments Fund acquired 44,733 shares of Gold.com stock. The stock was bought at an average price of $39.40 per share, with a total value of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund acquired 530,338 shares of Gold.com stock. The stock was bought at an average price of $44.50 per share, with a total value of $23,600,041.00.

Gold.com Stock Performance

NYSE:GOLD traded up $0.76 during mid-day trading on Thursday, hitting $41.77. 369,550 shares of the company’s stock traded hands, compared to its average volume of 614,021. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The business has a 50 day simple moving average of $43.92. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The stock has a market capitalization of $1.21 billion, a P/E ratio of 14.30 and a beta of 0.55.

Gold.com (NYSE:GOLD) last posted its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.81 billion. On average, research analysts expect that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com announced that its board has initiated a stock 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 repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Gold.com Dividend Announcement

The company 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 dividend of $0.20 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Gold.com’s payout ratio is 27.40%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOLD. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Tuesday, April 28th. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings raised shares of Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. 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 report on Friday, February 6th. Finally, Roth Mkm set a $52.00 price target on shares of Gold.com in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.33.

Institutional Trading of Gold.com

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Gold.com during the fourth quarter worth $40,273,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth $17,971,000. Geode Capital Management LLC acquired a new stake in shares of Gold.com during the fourth quarter worth $15,790,000. Finally, State Street Corp acquired a new stake in shares of Gold.com during the fourth quarter worth $15,019,000. 62.85% of the stock is owned by institutional investors and hedge funds.

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.