Globeflex Capital L P Makes New $2.78 Million Investment in Gold.com Inc. $GOLD

Globeflex Capital L P acquired a new position in shares of Gold.com Inc. (NYSE:GOLD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,876 shares of the company’s stock, valued at approximately $2,783,000. Globeflex Capital L P owned approximately 0.23% of Gold.com as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Gold.com in the fourth quarter valued at $44,000. CWM LLC bought a new stake in Gold.com during the fourth quarter worth $35,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Gold.com in the fourth quarter valued at $105,000. NBC Securities Inc. acquired a new stake in Gold.com in the fourth quarter valued at $107,000. Finally, Matisse Capital bought a new position in shares of Gold.com in the 4th quarter valued at about $248,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Gold.com in a research note on Monday, August 17th. Canaccord Genuity Group began coverage on Gold.com in a report on Tuesday, June 9th. They set a “buy” rating and a $70.00 price target for the company. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Finally, Roth Capital set a $52.00 price objective on Gold.com in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Gold.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.75.

Gold.com Price Performance

Shares of GOLD opened at $46.22 on Monday. The firm has a market capitalization of $1.34 billion, a PE ratio of 15.83 and a beta of 0.54. The company’s 50-day moving average is $41.99 and its 200-day moving average is $45.34. Gold.com Inc. has a fifty-two week low of $22.00 and a fifty-two week high of $66.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29.

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.