Gold.com (NYSE:GOLD) Major Shareholder Tether Global Investments Fund Buys 56,590 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 56,590 shares of Gold.com stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $40.57 per share, with a total value of $2,295,856.30. Following the purchase, the insider owned 101,323 shares of the company’s stock, valued at $4,110,674.11. This represents a 126.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock 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 bought at an average price of $41.36 per share, with a total value of $1,660,231.76.
• On Tuesday, May 19th, Tether Global Investments Fund bought 44,733 shares of Gold.com stock. The shares were bought at an average price of $39.40 per share, with a total value of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund bought 530,338 shares of Gold.com stock. The shares were bought at an average price of $44.50 per share, with a total value of $23,600,041.00.

Gold.com Price Performance

Shares of Gold.com stock opened at $41.77 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.30 and a beta of 0.55. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The company’s 50 day moving average is $43.92.

Gold.com (NYSE:GOLD) last released its earnings results on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, beating 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 company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $4.81 billion. As a group, research analysts anticipate 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 buyback plan on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 shares. This repurchase authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Gold.com Announces Dividend

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

Analysts Set New Price Targets

GOLD has been the subject of a number of recent analyst reports. Roth Mkm set a $52.00 price target on shares of Gold.com in a report on Thursday, May 7th. 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. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. DA Davidson reissued a “buy” rating and set a $60.00 price objective on shares of Gold.com in a research report on Tuesday, April 28th. Finally, Zacks Research downgraded shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.33.

Institutional Trading of 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 stake in Gold.com during the 4th quarter valued at about $40,273,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Gold.com during the 4th quarter valued at about $32,408,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Gold.com during the 4th quarter valued at about $17,971,000. Geode Capital Management LLC purchased a new stake in shares of Gold.com during the 4th quarter valued at about $15,790,000. Finally, State Street Corp purchased a new stake in shares of Gold.com during the 4th quarter valued at about $15,019,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

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.