William Richardson Sells 20,000 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) major shareholder William Richardson sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $40.00, for a total value of $800,000.00. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Gold.com Trading Up 0.1%

Shares of NYSE GOLD opened at $41.30 on Friday. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70. The company has a 50-day simple moving average of $51.34. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 87.86 and a beta of 0.50.

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

Gold.com Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Gold.com’s payout ratio is presently 170.21%.

Institutional Trading of Gold.com

Large investors have recently made changes to their positions in the company. CWM LLC bought a new position in Gold.com during the fourth quarter worth about $35,000. Larson Financial Group LLC bought a new stake in shares of Gold.com in the fourth quarter worth about $41,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Gold.com in the fourth quarter worth about $42,000. State of Alaska Department of Revenue acquired a new stake in shares of Gold.com during the fourth quarter worth about $44,000. Finally, New York State Teachers Retirement System bought a new position in shares of Gold.com during the 4th quarter valued at about $55,000. Institutional investors own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOLD shares. Weiss Ratings started 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 target price on Gold.com in a report on Wednesday, January 28th. DA Davidson boosted their target price on Gold.com from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Northland Securities raised Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price target for the company in a research note on Friday, February 6th. Finally, Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. 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 company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $59.00.

Gold.com Company Profile

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.