Globeflex Capital L P Takes Position in Gold.com Inc. $GOLD

Globeflex Capital L P purchased a new stake in shares of Gold.com Inc. (NYSE:GOLD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 31,947 shares of the company’s stock, valued at approximately $1,088,000.

A number of other institutional investors have also recently made changes to their positions in GOLD. Geode Capital Management LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at about $15,790,000. Goldman Sachs Group Inc. purchased a new stake in shares of Gold.com during the 4th quarter valued at about $5,644,000. BNP Paribas Financial Markets purchased a new stake in shares of Gold.com during the 4th quarter valued at about $4,505,000. Simcoe Capital LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at about $3,134,000. Finally, Evergreen Capital Management LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at about $2,588,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Insider Buying and Selling at Gold.com

In related news, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey D. Benjamin sold 24,683 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $50.17, for a total transaction of $1,238,346.11. Following the completion of the transaction, the director directly owned 502,506 shares in the company, valued at approximately $25,210,726.02. The trade was a 4.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders purchased 730,338 shares of company stock worth $31,842,096 and sold 114,683 shares worth $4,961,546. 0.63% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Roth Mkm set a $52.00 price target on shares of Gold.com in a report on Thursday, May 7th. Northland Securities raised shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Friday, February 6th. DA Davidson reaffirmed a “buy” rating and set a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $56.33.

Gold.com Trading Up 4.3%

GOLD opened at $40.92 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. The stock has a market capitalization of $1.19 billion, a P/E ratio of 14.01 and a beta of 0.53. The business has a 50 day simple moving average of $43.05. Gold.com Inc. has a 12-month low of $20.26 and a 12-month high of $66.70.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $1.62. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. As a group, analysts predict that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com announced that its board has approved a share repurchase program on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Gold.com Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.

Gold.com 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.