Gold.com Inc. $GOLD Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of Gold.com Inc. (NYSE:GOLD) by 42.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,029 shares of the company’s stock after purchasing an additional 82,637 shares during the quarter. Empowered Funds LLC’s holdings in Gold.com were worth $11,103,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new stake in shares of Gold.com in the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Gold.com during the 4th quarter worth approximately $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Gold.com during the 4th quarter valued at approximately $17,971,000. Geode Capital Management LLC purchased a new position in shares of Gold.com during the 4th quarter valued at approximately $15,790,000. Finally, State Street Corp acquired a new stake in Gold.com in the 4th quarter valued at $15,019,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Tether Global Investments Fund purchased 530,338 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average price of $44.50 per share, with a total value of $23,600,041.00. Following the completion of the acquisition, the insider owned 3,370,787 shares in the company, valued at $150,000,021.50. This trade represents a 18.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of Gold.com stock in a transaction that occurred 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 transaction, the chief executive officer owned 28,202 shares in the company, valued at approximately $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 a total of 730,338 shares of company stock worth $31,842,096 over the last three months. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GOLD. DA Davidson reissued a “buy” rating and issued a $60.00 price target on shares of Gold.com in a report on Tuesday, April 28th. Weiss Ratings raised shares of Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Canaccord Genuity Group assumed coverage on shares of Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 target price on the stock. Zacks Research downgraded 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 price target on shares of Gold.com in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Gold.com presently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

Gold.com Stock Up 4.4%

Gold.com stock opened at $41.93 on Friday. Gold.com Inc. has a 52-week low of $20.55 and a 52-week high of $66.70. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.36 and a beta of 0.55. The business’s fifty day simple moving average is $41.37. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29.

Gold.com (NYSE:GOLD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $1.44 by $1.62. The firm had revenue of $10.35 billion for 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%. On average, research analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 shares. This repurchase authorization authorizes the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Gold.com Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s dividend payout ratio (DPR) is 27.40%.

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.