Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Buys 58,536 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 58,536 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $43.11 per share, for a total transaction of $2,523,486.96. Following the completion of the purchase, the insider owned 200,000 shares of the company’s stock, valued at $8,622,000. This represents a 41.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 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 Thursday, May 21st, Tether Global Investments Fund acquired 40,141 shares of Gold.com stock. The shares were acquired at an average price of $41.36 per share, for a total transaction of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund acquired 56,590 shares of Gold.com stock. The shares were acquired at an average price of $40.57 per share, for a total transaction of $2,295,856.30.
• On Tuesday, May 19th, Tether Global Investments Fund acquired 44,733 shares of Gold.com stock. The shares were acquired at an average price of $39.40 per share, for a total transaction of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund acquired 530,338 shares of Gold.com stock. The shares were acquired at an average price of $44.50 per share, for a total transaction of $23,600,041.00.

Gold.com Stock Down 2.0%

GOLD traded down $0.85 during trading on Wednesday, hitting $42.29. 392,398 shares of the company’s stock were exchanged, compared to its average volume of 715,321. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average price is $43.58. Gold.com Inc. has a fifty-two week low of $19.39 and a fifty-two week high of $66.70. The company has a market cap of $1.23 billion, a PE ratio of 14.48 and a beta of 0.55.

Gold.com (NYSE:GOLD) last released its quarterly earnings data 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. On average, sell-side analysts forecast that Gold.com Inc. will post 5.31 earnings per share for the current year.

Gold.com declared that its board has authorized a stock buyback 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 reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Gold.com Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 1.9%. Gold.com’s dividend payout ratio is presently 27.40%.

Hedge Funds Weigh In On Gold.com

A number of hedge funds and other institutional investors have recently modified their holdings of GOLD. Dimensional Fund Advisors LP purchased a new position in shares of Gold.com in the 4th quarter worth approximately $40,273,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Gold.com in the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gold.com in the 4th quarter worth approximately $17,971,000. Geode Capital Management LLC purchased a new position in shares of Gold.com in the 4th quarter worth approximately $15,790,000. Finally, State Street Corp purchased a new position in shares of Gold.com in the 4th quarter worth approximately $15,019,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

GOLD has been the topic of several research reports. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, February 6th. DA Davidson restated a “buy” rating and set a $60.00 price objective on shares of Gold.com in a report 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, May 20th. Roth Mkm set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Finally, Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

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.