Gold.com (NYSE:GOLD) CEO Gregory Roberts Sells 40,000 Shares

Gold.com Inc. (NYSE:GOLD) CEO Gregory Roberts sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the transaction, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. This trade represents a 58.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Gold.com Trading Down 4.5%

Gold.com stock opened at $38.73 on Friday. The stock has a market cap of $1.10 billion, a PE ratio of 13.26 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 1.18. The firm’s 50 day simple moving average is $44.84. Gold.com Inc. has a 52 week low of $19.39 and a 52 week high of $66.70.

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. The company had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. As a group, equities analysts predict that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 20th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. Gold.com’s dividend payout ratio is currently 27.40%.

Gold.com announced that its board has initiated a stock buyback plan on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Gold.com

Several large investors have recently added to or reduced their stakes in the stock. Swiss National Bank increased its position in Gold.com by 1.4% in the first quarter. Swiss National Bank now owns 36,500 shares of the company’s stock worth $1,463,000 after buying an additional 500 shares during the period. CWM LLC acquired a new stake in Gold.com in the fourth quarter worth $35,000. Larson Financial Group LLC acquired a new stake in Gold.com in the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Gold.com in the fourth quarter worth $42,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Gold.com in the fourth quarter worth $44,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Northland Securities raised 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 lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings raised Gold.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. 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. Finally, Roth Mkm set a $52.00 price target on Gold.com in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.33.

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.