Quantinno Capital Management LP Has $1.75 Million Holdings in Gold.com Inc. $GOLD

Quantinno Capital Management LP increased its holdings in shares of Gold.com Inc. (NYSE:GOLD) by 424.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 43,547 shares of the company’s stock after acquiring an additional 35,244 shares during the period. Quantinno Capital Management LP’s holdings in Gold.com were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA acquired a new stake in Gold.com in the 4th quarter valued at $890,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com in the 4th quarter valued at about $44,000. CWM LLC bought a new position in shares of Gold.com in the 4th quarter valued at about $35,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Gold.com in the fourth quarter valued at about $1,319,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Gold.com in the fourth quarter valued at about $105,000. Institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

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

Gold.com Stock Performance

Shares of GOLD stock opened at $43.33 on Wednesday. Gold.com Inc. has a 52 week low of $22.00 and a 52 week high of $66.70. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 14.84 and a beta of 0.54. The company has a 50-day simple moving average of $41.46 and a 200 day simple moving average of $45.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18.

Insider Transactions at Gold.com

In other news, major shareholder Tether Global Investments Fund acquired 58,536 shares of Gold.com stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of $43.11 per share, for a total transaction of $2,523,486.96. Following the completion of the acquisition, the insider directly owned 200,000 shares in the company, valued at approximately $8,622,000. The trade was a 41.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 200,000 shares of company stock worth $8,242,055 in the last three months. Company insiders own 23.10% 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.