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

Gold.com Inc. (NYSE:GOLD) major shareholder William Richardson sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 277,400 shares of the company’s stock, valued at $11,096,000. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Gold.com Stock Down 1.2%

NYSE:GOLD opened at $41.30 on Friday. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 87.86 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.66. The business’s 50 day moving average is $51.37.

Gold.com (NYSE:GOLD) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.70 by $0.21. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion.

Gold.com Dividend Announcement

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 1.9%. The ex-dividend date of this dividend was Friday, February 20th. Gold.com’s dividend payout ratio (DPR) is 170.21%.

Analyst Upgrades and Downgrades

GOLD has been the topic of a number of research analyst reports. Roth Mkm set a $60.00 target price on shares of Gold.com in a report on Wednesday, January 28th. Zacks Research raised Gold.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Northland Securities upgraded Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a research note on Friday, February 6th. DA Davidson raised their price objective on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Weiss Ratings assumed coverage on Gold.com in a research note on Wednesday, January 14th. They set a “hold (c-)” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $59.00.

Hedge Funds Weigh In On Gold.com

Hedge funds have recently bought and sold shares of the business. CWM LLC bought a new stake in Gold.com in the 4th quarter valued at about $35,000. Larson Financial Group LLC bought a new position in shares of Gold.com during the fourth quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Gold.com in the fourth quarter valued at approximately $42,000. State of Alaska Department of Revenue bought a new stake in shares of Gold.com in the fourth quarter valued at approximately $44,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Gold.com in the fourth quarter valued at approximately $55,000. 62.85% of the stock is owned by institutional investors.

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.