Gold.com (NYSE:GOLD) Stock Price Down 7.8% on Insider Selling

Shares of Gold.com Inc. (NYSE:GOLD) were down 7.8% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $48.19 and last traded at $48.32. Approximately 449,063 shares were traded during trading, a decline of 47% from the average daily volume of 852,930 shares. The stock had previously closed at $52.42.

Specifically, Director Jeffrey D. Benjamin sold 14,540 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $56.80, for a total value of $825,872.00. Following the completion of the sale, the director directly owned 530,124 shares of the company’s stock, valued at $30,111,043.20. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey D. Benjamin sold 25,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $56.73, for a total value of $1,418,250.00. Following the completion of the sale, the director owned 544,664 shares in the company, valued at approximately $30,898,788.72. The trade was a 4.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, EVP Carol Meltzer sold 2,000 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $56.38, for a total transaction of $112,760.00. Following the completion of the transaction, the executive vice president owned 23,500 shares in the company, valued at approximately $1,324,930. This represents a 7.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

A number of analysts recently commented on GOLD shares. Weiss Ratings started coverage on Gold.com in a research note on Wednesday, January 14th. They set a “hold (c-)” rating on the stock. DA Davidson lifted their target price on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 6th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday, February 6th. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Roth Mkm set a $60.00 price objective on shares of Gold.com in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gold.com presently has an average rating of “Buy” and a consensus price target of $59.00.

Gold.com Stock Performance

The company has a market cap of $1.22 billion, a PE ratio of 102.74 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

Gold.com (NYSE:GOLD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio is currently 170.21%.

Hedge Funds Weigh In On Gold.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC bought a new stake in shares of Gold.com during the fourth quarter valued at approximately $35,000. Larson Financial Group LLC purchased a new position in Gold.com during the fourth quarter valued at $41,000. Caitong International Asset Management Co. Ltd purchased a new position in Gold.com during the fourth quarter valued at $42,000. State of Alaska Department of Revenue bought a new stake in shares of Gold.com during the 4th quarter valued at $44,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Gold.com during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Gold.com Company 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.