Strs Ohio Acquires Shares of 14,200 Gold.com Inc. $GOLD

Strs Ohio bought a new position in shares of Gold.com Inc. (NYSE:GOLD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,200 shares of the company’s stock, valued at approximately $569,000.

Other institutional investors have also modified their holdings of the company. CWM LLC purchased a new stake in Gold.com in the 4th quarter valued at $35,000. Larson Financial Group LLC acquired a new stake in shares of Gold.com in the 4th quarter valued at approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gold.com in the 4th quarter valued at approximately $42,000. State of Alaska Department of Revenue purchased a new stake in shares of Gold.com during the 4th quarter worth $44,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Gold.com during the 4th quarter worth approximately $55,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOLD has been the subject of several recent research reports. Weiss Ratings upgraded shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Roth Capital set a $52.00 price target on shares of Gold.com in a research report on Thursday, May 7th. Canaccord Genuity Group assumed coverage on shares of Gold.com in a research note on Tuesday, June 9th. They set a “buy” rating and a $70.00 price objective for the company. DA Davidson restated 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 lowered Gold.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Four investment 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, Gold.com has a consensus rating of “Moderate Buy” and an average target price of $59.75.

Gold.com Trading Up 1.0%

Shares of NYSE:GOLD opened at $41.71 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 14.28 and a beta of 0.55. The stock has a 50-day simple moving average of $42.18. Gold.com Inc. has a 12-month low of $20.55 and a 12-month high of $66.70.

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

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a yield of 1.9%. Gold.com’s dividend payout ratio is 27.40%.

Gold.com announced that its Board of Directors has approved a stock buyback program on Wednesday, April 8th that permits the company to buyback 2,000,000,000,000 shares. This buyback authorization permits the company to repurchase up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, major shareholder Tether Global Investments Fund acquired 530,338 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average cost of $44.50 per share, for a total transaction of $23,600,041.00. Following the acquisition, the insider directly owned 3,370,787 shares in the company, valued at approximately $150,000,021.50. This represents a 18.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer owned 28,202 shares of the company’s stock, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 730,338 shares of company stock worth $31,842,096. 0.63% of the stock is currently owned by insiders.

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.