Tether Global Investments Fund Purchases 58,536 Shares of Gold.com (NYSE:GOLD) Stock

Gold.com Inc. (NYSE:GOLD) major shareholder Tether Global Investments Fund bought 58,536 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $43.11 per share, with a total value of $2,523,486.96. Following the purchase, the insider owned 200,000 shares of the company’s stock, valued at $8,622,000. This trade represents a 41.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Thursday, May 21st, Tether Global Investments Fund bought 40,141 shares of Gold.com stock. The shares were bought at an average cost of $41.36 per share, with a total value of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund bought 56,590 shares of Gold.com stock. The shares were bought at an average cost of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 19th, Tether Global Investments Fund bought 44,733 shares of Gold.com stock. The shares were bought at an average cost of $39.40 per share, with a total value of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund bought 530,338 shares of Gold.com stock. The shares were bought at an average cost of $44.50 per share, with a total value of $23,600,041.00.

Gold.com Price Performance

Shares of GOLD stock opened at $42.90 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.69 and a beta of 0.55. The stock’s 50-day moving average is $43.40. Gold.com Inc. has a 1-year low of $19.39 and a 1-year high of $66.70.

Gold.com (NYSE:GOLD) last released its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $1.44 by $1.62. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a return on equity of 17.82% and a net margin of 0.35%. Sell-side analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Gold.com’s payout ratio is currently 27.40%.

Gold.com declared that its board has authorized a stock repurchase plan on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 shares. This repurchase authorization permits the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Roth Mkm set a $52.00 target price on Gold.com in a research report on Thursday, May 7th. Northland Securities raised 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. DA Davidson reaffirmed a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research report on Tuesday, April 28th. Zacks Research downgraded Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

Institutional Trading of Gold.com

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP acquired a new stake in Gold.com in the fourth quarter valued at approximately $40,273,000. Charles Schwab Investment Management Inc. acquired a new stake in Gold.com in the fourth quarter valued at approximately $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in Gold.com in the fourth quarter valued at approximately $17,971,000. Geode Capital Management LLC acquired a new stake in Gold.com in the fourth quarter valued at approximately $15,790,000. Finally, State Street Corp acquired a new stake in Gold.com in the fourth quarter valued at approximately $15,019,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

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.