Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Acquires 1,030 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 1,030 shares of the stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of $39.96 per share, with a total value of $41,158.80. Following the purchase, the insider directly owned 301,030 shares of the company’s stock, valued at $12,029,158.80. This trade represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, October 12th, Tether Global Investments Fund acquired 31,088 shares of Gold.com stock. The stock was acquired at an average price of $39.87 per share, with a total value of $1,239,478.56.
• On Thursday, September 3rd, Tether Global Investments Fund bought 100,000 shares of Gold.com stock. The shares were acquired at an average price of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Trading Up 0.4%

NYSE:GOLD traded up $0.17 during mid-day trading on Tuesday, hitting $39.91. 128,584 shares of the company’s stock were exchanged, compared to its average volume of 604,857. Gold.com Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $66.70. The firm has a market capitalization of $1.16 billion, a P/E ratio of 13.67 and a beta of 0.71. The company has a 50 day simple moving average of $44.30 and a 200-day simple moving average of $42.97.

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

Gold.com Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GOLD. Empowered Funds LLC lifted its position in shares of Gold.com by 42.5% in the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock worth $11,103,000 after purchasing an additional 82,637 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Gold.com during the fourth quarter worth $6,185,000. Bank of New York Mellon Corp acquired a new stake in shares of Gold.com during the second quarter worth $7,143,000. Counterpoint Mutual Funds LLC increased its position in shares of Gold.com by 740.1% during the first quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock worth $5,000,000 after buying an additional 109,910 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Gold.com during the first quarter worth $4,836,000. Institutional investors own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

GOLD has been the subject of a number of recent research reports. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group lowered their target price on Gold.com from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 3rd. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Gold.com in a research report on Monday, August 17th. Finally, Wall Street Zen raised Gold.com from a “sell” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.