Jeffrey Benjamin Sells 18,973 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 18,973 shares of Gold.com stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $47.82, for a total value of $907,288.86. Following the sale, the director owned 304,265 shares of the company’s stock, valued at approximately $14,549,952.30. This represents a 5.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Gold.com Price Performance

NYSE:GOLD traded down $2.80 on Friday, reaching $44.07. The stock had a trading volume of 216,224 shares, compared to its average volume of 615,137. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 15.07 and a beta of 0.56. Gold.com Inc. has a 12-month low of $23.00 and a 12-month high of $66.70. The firm’s fifty day moving average is $43.36 and its two-hundred day moving average is $43.78.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 17.22%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the firm earned $0.41 EPS. As a group, research analysts forecast that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s dividend payout ratio is currently 27.40%.

Institutional Investors Weigh In On Gold.com

Several large investors have recently made changes to their positions in GOLD. Jacobs Asset Management LLC acquired a new position in Gold.com during the 4th quarter worth approximately $10,215,000. Empowered Funds LLC grew its position in Gold.com by 42.5% in the first quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock valued at $11,103,000 after acquiring an additional 82,637 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Gold.com during the fourth quarter valued at approximately $9,171,000. Pacer Advisors Inc. purchased a new stake in shares of Gold.com during the fourth quarter valued at approximately $6,185,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Gold.com during the second quarter worth $7,143,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOLD. Canaccord Genuity Group dropped their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, September 3rd. Northland Securities set a $55.00 price target on Gold.com in a report on Thursday, September 3rd. Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Finally, Wall Street Zen cut shares of Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.00.

Gold.com Company Profile

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.