Insider Selling: Gold.com (NYSE:GOLD) Director Sells $1,238,346.11 in Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 24,683 shares of Gold.com 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 completion of the transaction, the director owned 502,506 shares in the company, valued at approximately $25,210,726.02. The trade was a 4.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Gold.com Stock Down 3.0%

Shares of GOLD stock opened at $48.96 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The company has a market cap of $1.24 billion, a P/E ratio of 104.17 and a beta of 0.40. The stock’s fifty day simple moving average is $52.62.

Gold.com (NYSE:GOLD) last released its earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.21. The firm had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.

Gold.com Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is presently 170.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GOLD. Weiss Ratings initiated coverage on shares of Gold.com in a research report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Roth Mkm set a $60.00 price target on shares of Gold.com in a report on Wednesday, January 28th. DA Davidson increased their price target on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $59.00.

Institutional Investors Weigh In On Gold.com

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP acquired a new position in Gold.com in the 4th quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Gold.com during the fourth quarter worth $32,408,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Gold.com in the fourth quarter worth $17,971,000. Geode Capital Management LLC bought a new stake in shares of Gold.com in the fourth quarter worth $15,790,000. Finally, State Street Corp acquired a new stake in Gold.com in the fourth quarter valued at $15,019,000. 62.85% of the stock is owned by institutional investors.

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.