23,214 Shares in Gold.com Inc. $GOLD Acquired by State of Wyoming

State of Wyoming acquired a new position in shares of Gold.com Inc. (NYSE:GOLD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,214 shares of the company’s stock, valued at approximately $790,000. State of Wyoming owned approximately 0.09% of Gold.com at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in Gold.com during the 4th quarter worth approximately $5,644,000. Monaco Asset Management SAM acquired a new position in Gold.com during the 4th quarter worth approximately $477,000. BNP Paribas Financial Markets acquired a new position in Gold.com in the 4th quarter valued at approximately $4,505,000. Intech Investment Management LLC acquired a new position in Gold.com in the 4th quarter valued at approximately $229,000. Finally, Geode Capital Management LLC acquired a new position in Gold.com in the 4th quarter valued at approximately $15,790,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Gold.com Stock Performance

Shares of NYSE GOLD opened at $40.92 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a 52-week low of $20.26 and a 52-week high of $66.70. The company has a 50 day simple moving average of $43.05. The firm has a market cap of $1.19 billion, a PE ratio of 14.01 and a beta of 0.53.

Gold.com (NYSE:GOLD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates 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. Analysts predict that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

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

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s dividend payout ratio is currently 27.40%.

Insider Activity

In other news, Director Jeffrey D. Benjamin sold 24,683 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $50.17, for a total value of $1,238,346.11. Following the sale, the director directly owned 502,506 shares of the company’s stock, valued at approximately $25,210,726.02. This represents a 4.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder William A. Richardson sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider directly owned 277,400 shares in the company, valued at approximately $11,096,000. This represents a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 730,338 shares of company stock valued at $31,842,096 and sold 114,683 shares valued at $4,961,546. 0.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GOLD has been the subject of several recent research reports. Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday. 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 research report on Friday, February 6th. Roth Mkm set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. DA Davidson restated a “buy” rating and issued a $60.00 price target on shares of Gold.com in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.