Gold.com Inc. $GOLD Shares Newly Purchased by State of Wyoming

State of Wyoming bought a new position in Gold.com Inc. (NYSE:GOLD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,317 shares of the company’s stock, valued at approximately $780,000. State of Wyoming owned approximately 0.06% of Gold.com at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GOLD. Bank of New York Mellon Corp purchased a new stake in shares of Gold.com in the 2nd quarter valued at $7,143,000. Renaissance Technologies LLC purchased a new position in Gold.com in the 1st quarter worth $4,836,000. Counterpoint Mutual Funds LLC raised its position in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock worth $5,000,000 after purchasing an additional 109,910 shares during the period. Empowered Funds LLC lifted its stake in Gold.com by 42.5% in the first 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 last quarter. Finally, Globeflex Capital L P bought a new stake in Gold.com in the second quarter worth $2,783,000. 62.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOLD. Northland Securities set a $55.00 price objective on Gold.com in a research note on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. DA Davidson restated a “buy” rating and set a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. 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 report on Thursday, September 3rd. Finally, Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

Gold.com Stock Down 1.5%

Shares of NYSE GOLD opened at $37.98 on Friday. The firm’s fifty day moving average is $42.86 and its 200 day moving average is $44.71. Gold.com Inc. has a 52 week low of $23.00 and a 52 week high of $66.70. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 13.01 and a beta of 0.71.

Gold.com (NYSE:GOLD) last announced its quarterly 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 firm 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 period in the previous year, the company earned $0.41 EPS. Equities research analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current year.

Gold.com Dividend Announcement

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

Insider Activity

In related news, CEO Gregory N. Roberts sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $49.36, for a total value of $1,234,000.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,392,050.72. This trade represents a 46.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey D. Benjamin sold 18,973 shares of the firm’s 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 completion of the sale, the director directly owned 304,265 shares in the company, valued at $14,549,952.30. The trade was a 5.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders bought 300,000 shares of company stock valued at $11,840,113 and sold 124,859 shares valued at $5,835,628. Insiders own 16.50% of the company’s stock.

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.