Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Acquires $1,565,452.48 in Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund acquired 39,692 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was bought at an average price of $39.44 per share, for a total transaction of $1,565,452.48. Following the completion of the acquisition, the insider owned 472,367 shares of the company’s stock, valued at approximately $18,630,154.48. The trade was a 9.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, October 28th, Tether Global Investments Fund acquired 27,633 shares of Gold.com stock. The stock was bought at an average cost of $39.39 per share, for a total transaction of $1,088,463.87.
• On Monday, October 26th, Tether Global Investments Fund bought 32,675 shares of Gold.com stock. The shares were bought at an average price of $38.96 per share, with a total value of $1,273,018.00.
• On Wednesday, October 14th, Tether Global Investments Fund bought 25,200 shares of Gold.com stock. The shares were bought at an average cost of $39.63 per share, with a total value of $998,676.00.
• On Tuesday, October 13th, Tether Global Investments Fund bought 42,682 shares of Gold.com stock. The shares were bought at an average cost of $39.92 per share, with a total value of $1,703,865.44.
• On Monday, October 12th, Tether Global Investments Fund purchased 31,088 shares of Gold.com stock. The stock was bought at an average price of $39.87 per share, for a total transaction of $1,239,478.56.
• On Wednesday, October 7th, Tether Global Investments Fund purchased 1,030 shares of Gold.com stock. The stock was bought at an average price of $39.96 per share, for a total transaction of $41,158.80.
• On Thursday, September 3rd, Tether Global Investments Fund purchased 100,000 shares of Gold.com stock. The stock was bought at an average cost of $39.30 per share, for a total transaction of $3,930,000.00.

Gold.com Stock Down 1.5%

Gold.com stock opened at $37.98 on Friday. The company’s 50-day moving average price is $42.86 and its two-hundred day moving average price is $44.71. The stock has a market cap of $1.11 billion, a P/E ratio of 13.01 and a beta of 0.71. Gold.com Inc. has a twelve month low of $23.00 and a twelve month high of $66.70.

Gold.com (NYSE:GOLD) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.55). Gold.com had a return on equity of 17.22% and a net margin of 0.32%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Equities analysts anticipate that Gold.com Inc. will post 3.73 earnings per share for the current fiscal year.

Gold.com Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, September 16th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 16th. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.

Analyst Ratings Changes

A number of brokerages have commented on GOLD. Wall Street Zen lowered Gold.com from a “hold” rating to a “sell” rating in a report on Saturday. Canaccord Genuity Group lowered their price objective on Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Northland Securities set a $55.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC grew its position in Gold.com by 283.3% during the second quarter. Hsbc Holdings PLC now owns 36,773 shares of the company’s stock worth $1,076,000 after buying an additional 27,180 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Gold.com during the 1st quarter worth $2,618,000. Bank of New York Mellon Corp acquired a new position in Gold.com in the 2nd quarter valued at $7,143,000. Public Employees Retirement System of Ohio acquired a new position in Gold.com in the 2nd quarter valued at $1,463,000. Finally, Counterpoint Mutual Funds LLC raised its holdings in Gold.com by 740.1% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 124,761 shares of the company’s stock valued at $5,000,000 after acquiring an additional 109,910 shares in the last quarter. 62.85% of the stock is owned by institutional investors.

About Gold.com

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.