Gold.com Inc. (NYSE:GOLD) Declares Special Dividend of $0.20

Gold.com Inc. (NYSE:GOLD) announced a special dividend on Monday, August 31st. Investors of record on Wednesday, September 16th will be paid a dividend of 0.20 per share on Monday, September 28th. The ex-dividend date of this dividend is Wednesday, September 16th.

Gold.com Price Performance

Shares of GOLD stock opened at $48.13 on Monday. Gold.com has a 1 year low of $23.00 and a 1 year high of $66.70. The firm has a fifty day moving average price of $42.99 and a 200-day moving average price of $44.05. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 16.48 and a beta of 0.56.

Gold.com (NYSE:GOLD) last released its earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). The company had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Gold.com had a net margin of 0.32% and a return on equity of 17.22%. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts expect that Gold.com will post 3.73 EPS for the current year.

Insider Activity

In related news, EVP Carol Meltzer sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $46.86, for a total value of $187,440.00. Following the completion of the sale, the executive vice president owned 1,500 shares in the company, valued at approximately $70,290. The trade was a 72.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tether Global Investments Fund purchased 100,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average cost of $39.30 per share, for a total transaction of $3,930,000.00. Following the transaction, the insider directly owned 300,000 shares in the company, valued at approximately $11,790,000. This represents a 50.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 50,667 shares of company stock valued at $2,437,822. 23.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. acquired a new stake in Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Asset Management LLC acquired a new position in Gold.com during the 4th quarter valued at about $10,215,000. Bard Associates Inc. purchased a new stake in Gold.com in the fourth quarter valued at about $3,078,000. Gamco Investors INC. ET AL acquired a new stake in Gold.com in the fourth quarter worth about $1,083,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Gold.com during the first quarter worth about $2,618,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

About Gold.com

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.