Gold.com (NYSE:GOLD) Major Shareholder William Richardson Sells 20,000 Shares

Gold.com Inc. (NYSE:GOLD) major shareholder William Richardson sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 277,400 shares of the company’s stock, valued at approximately $11,096,000. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Gold.com Stock Down 3.9%

Gold.com stock traded down $1.62 during trading hours on Thursday, hitting $40.19. The stock had a trading volume of 207,714 shares, compared to its average volume of 792,310. The business has a 50 day moving average of $51.42. Gold.com Inc. has a one year low of $19.39 and a one year high of $66.70. The company has a market capitalization of $1.02 billion, a PE ratio of 85.49 and a beta of 0.50. 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 (NYSE:GOLD) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.21. The firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Gold.com had a net margin of 0.08% and a return on equity of 7.56%.

Gold.com Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 20th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 2.0%. Gold.com’s dividend payout ratio (DPR) is currently 170.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GOLD. Yacktman Asset Management LP bought a new stake in shares of Gold.com in the fourth quarter valued at approximately $238,000. Mutual Advisors LLC bought a new position in Gold.com in the 4th quarter worth approximately $1,027,000. Caldwell Sutter Capital Inc. purchased a new position in Gold.com in the 4th quarter valued at approximately $1,454,000. Pekin Hardy Strauss Inc. purchased a new position in Gold.com in the 4th quarter valued at approximately $298,000. Finally, D.A. Davidson & CO. bought a new stake in Gold.com during the 4th quarter valued at $628,000. 62.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.