D.A. Davidson & CO. Has $1.55 Million Stock Position in Gold.com Inc. $GOLD

D.A. Davidson & CO. boosted its stake in shares of Gold.com Inc. (NYSE:GOLD) by 109.1% during the first quarter, Holdings Channel reports. The fund owned 38,595 shares of the company’s stock after acquiring an additional 20,139 shares during the period. D.A. Davidson & CO.’s holdings in Gold.com were worth $1,547,000 at the end of the most recent reporting period.

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

Gold.com Trading Up 6.1%

Shares of NYSE GOLD opened at $39.88 on Wednesday. Gold.com Inc. has a 1 year low of $20.55 and a 1 year high of $66.70. The company has a 50-day simple moving average of $41.36. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 13.66 and a beta of 0.55.

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 analysts’ consensus estimates of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. As a group, equities research analysts anticipate that Gold.com Inc. will post 5.31 earnings per share for the current fiscal year.

Gold.com declared that its board has authorized a stock repurchase plan on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is 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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Gold.com’s payout ratio is currently 27.40%.

Insiders Place Their Bets

In related news, major shareholder Tether Global Investments Fund purchased 58,536 shares of Gold.com stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $43.11 per share, for a total transaction of $2,523,486.96. Following the transaction, the insider directly owned 200,000 shares of the company’s stock, valued at approximately $8,622,000. This trade represents a 41.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 28,202 shares in the company, valued at $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 730,338 shares of company stock valued at $31,842,096 in the last ninety days. Company insiders own 23.10% of the company’s stock.

Analysts Set New Price Targets

GOLD has been the subject of several research analyst reports. Zacks Research cut shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Canaccord Genuity Group started coverage on Gold.com in a research report on Tuesday, June 9th. They issued a “buy” rating and a $70.00 price objective on the stock. DA Davidson reissued a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Weiss Ratings upgraded Gold.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Roth Capital set a $52.00 price target on Gold.com in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.75.

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.