Gold.com Inc. $GOLD Shares Sold by Towle & Co.

Towle & Co. trimmed its position in Gold.com Inc. (NYSE:GOLD) by 36.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 205,547 shares of the company’s stock after selling 119,850 shares during the period. Gold.com makes up 3.2% of Towle & Co.’s portfolio, making the stock its 4th biggest holding. Towle & Co.’s holdings in Gold.com were worth $8,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOLD. Daytona Street Capital LLC acquired a new stake in shares of Gold.com during the fourth quarter worth $68,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Gold.com in the fourth quarter valued at about $890,000. State of Alaska Department of Revenue acquired a new position in shares of Gold.com in the fourth quarter valued at about $44,000. CWM LLC bought a new position in Gold.com during the fourth quarter worth about $35,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Gold.com in the 4th quarter worth about $1,319,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOLD has been the subject of a number of recent research reports. Canaccord Genuity Group assumed coverage on shares of Gold.com in a report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective for the company. Zacks Research cut Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. DA Davidson reissued a “buy” rating and set a $60.00 price target on shares of Gold.com in a research report on Tuesday, April 28th. Weiss Ratings raised Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Roth Capital set a $52.00 target price on Gold.com in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Gold.com has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Insider Activity at Gold.com

In related news, CEO Gregory N. Roberts sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 in the company, valued at $1,172,639.16. This represents a 58.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Tether Global Investments Fund acquired 58,536 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $43.11 per share, with a total value of $2,523,486.96. Following the purchase, the insider owned 200,000 shares in the company, valued at $8,622,000. The trade was a 41.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 730,338 shares of company stock worth $31,842,096 over the last ninety days. 0.63% of the stock is currently owned by insiders.

Gold.com Stock Performance

Gold.com stock opened at $39.63 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. Gold.com Inc. has a 52 week low of $20.55 and a 52 week high of $66.70. The firm has a market cap of $1.15 billion, a PE ratio of 13.57 and a beta of 0.55. The stock’s fifty day simple moving average is $41.32.

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, beating the consensus estimate of $1.44 by $1.62. The business had revenue of $10.35 billion for 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%. On average, research analysts forecast that Gold.com Inc. will post 5.31 earnings per share for the current year.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Gold.com’s payout ratio is 27.40%.

Gold.com declared that its board has initiated a stock buyback plan on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 shares. This buyback authorization allows the company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.