Insider Selling: Gold.com (NYSE:GOLD) Major Shareholder Sells 20,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) major shareholder William Richardson sold 20,000 shares of Gold.com stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $40.00, for a total value of $800,000.00. Following the completion of the transaction, the insider owned 277,400 shares of the company’s stock, valued at approximately $11,096,000. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Gold.com Stock Down 3.9%

Shares of NYSE:GOLD traded down $1.62 during midday trading on Thursday, reaching $40.19. 207,714 shares of the company traded hands, compared to its average volume of 792,310. The business’s fifty day moving average price is $51.42. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 85.49 and a beta of 0.50. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a 12 month low of $19.39 and a 12 month high of $66.70.

Gold.com (NYSE:GOLD) last issued its earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.70 by $0.21. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is 170.21%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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