Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Buys $1,762,480.20 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 44,733 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $39.40 per share, for a total transaction of $1,762,480.20. Following the completion of the purchase, the insider owned 44,733 shares in the company, valued at $1,762,480.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 21st, Tether Global Investments Fund bought 40,141 shares of Gold.com stock. The shares were acquired at an average cost of $41.36 per share, for a total transaction of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund bought 56,590 shares of Gold.com stock. The shares were acquired at an average cost of $40.57 per share, for a total transaction of $2,295,856.30.
• On Tuesday, May 5th, Tether Global Investments Fund bought 530,338 shares of Gold.com stock. The shares were acquired at an average cost of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Stock Up 4.0%

Shares of GOLD opened at $43.45 on Friday. Gold.com Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $66.70. The business’s 50 day simple moving average is $43.78. The stock has a market cap of $1.26 billion, a P/E ratio of 14.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18.

Gold.com (NYSE:GOLD) last announced its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The firm had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $4.81 billion. Research analysts forecast that Gold.com Inc. will post 5.31 earnings per share for the current year.

Gold.com announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Gold.com Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, May 20th. Gold.com’s dividend payout ratio is presently 27.40%.

Analyst Upgrades and Downgrades

GOLD has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating and set a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a report on Friday, February 6th. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Roth Mkm set a $52.00 price target on shares of Gold.com in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Gold.com presently has a consensus rating of “Moderate Buy” and an average price target of $56.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new position in Gold.com during the 4th quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. acquired a new position in Gold.com during the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new position in Gold.com during the 4th quarter worth approximately $17,971,000. Geode Capital Management LLC acquired a new position in shares of Gold.com in the 4th quarter valued at $15,790,000. Finally, State Street Corp acquired a new position in shares of Gold.com in the 4th quarter valued at $15,019,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

About Gold.com

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.