Gamco Investors INC. ET AL Sells 18,300 Shares of Gold.com Inc. $GOLD

Gamco Investors INC. ET AL trimmed its position in shares of Gold.com Inc. (NYSE:GOLD) by 57.5% during the 1st quarter, Holdings Channel reports. The fund owned 13,500 shares of the company’s stock after selling 18,300 shares during the period. Gamco Investors INC. ET AL’s holdings in Gold.com were worth $541,000 at the end of the most recent reporting period.

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

Gold.com Stock Down 1.9%

Shares of Gold.com stock opened at $40.03 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $41.36. Gold.com Inc. has a 52 week low of $20.55 and a 52 week high of $66.70. The company has a market cap of $1.16 billion, a P/E ratio of 13.71 and a beta of 0.55.

Gold.com (NYSE:GOLD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $3.06 earnings per share 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 during 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 Dividend Announcement

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

Gold.com announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 8th that allows the company to repurchase 2,000,000,000,000 shares. This repurchase authorization allows the company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GOLD shares. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. Canaccord Genuity Group began coverage on Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price target for the company. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Roth Capital set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Gold.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.75.

Insider Activity

In other news, major shareholder Tether Global Investments Fund purchased 530,338 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $44.50 per share, with a total value of $23,600,041.00. Following the completion of the transaction, the insider owned 3,370,787 shares in the company, valued at $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 can be accessed through the SEC website. Also, CEO Gregory N. 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 transaction of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. The trade was a 58.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 730,338 shares of company stock worth $31,842,096 in the last quarter. 0.63% of the stock is owned by insiders.

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.