Virtu Financial LLC Invests $960,000 in Gold.com Inc. $GOLD

Virtu Financial LLC bought a new position in shares of Gold.com Inc. (NYSE:GOLD) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 28,201 shares of the company’s stock, valued at approximately $960,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in Gold.com in the fourth quarter valued at $40,273,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Gold.com during the 4th quarter valued at about $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gold.com during the 4th quarter valued at about $17,971,000. Geode Capital Management LLC purchased a new position in shares of Gold.com during the 4th quarter valued at about $15,790,000. Finally, State Street Corp acquired a new position in shares of Gold.com in the 4th quarter valued at about $15,019,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gold.com

In other news, CEO Gregory N. Roberts sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total transaction of $1,663,200.00. Following the completion of the transaction, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder William A. Richardson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total value of $800,000.00. Following the transaction, the insider owned 277,400 shares in the company, valued at $11,096,000. This trade represents a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 730,338 shares of company stock valued at $31,842,096 and sold 90,000 shares valued at $3,723,200. Corporate insiders own 23.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GOLD. Roth Mkm set a $52.00 target price on Gold.com in a research note on Thursday, May 7th. Canaccord Genuity Group assumed coverage on Gold.com in a research report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. Zacks Research upgraded Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $59.75.

Gold.com Stock Down 0.3%

NYSE:GOLD opened at $42.11 on Monday. Gold.com Inc. has a 52 week low of $20.54 and a 52 week high of $66.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The firm has a market cap of $1.22 billion, a PE ratio of 14.42 and a beta of 0.53. The company’s 50-day simple moving average is $43.22.

Gold.com (NYSE:GOLD) last announced its quarterly 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. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. Sell-side analysts expect that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com declared that its board has initiated a stock buyback plan on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Gold.com Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were given a $0.20 dividend. The ex-dividend date was 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%.

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.