Gold.com (NYSE:GOLD) Director Jeffrey Benjamin Sells 35,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 35,000 shares of Gold.com stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.36, for a total transaction of $2,042,600.00. Following the completion of the sale, the director owned 691,000 shares of the company’s stock, valued at $40,326,760. This represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gold.com Price Performance

Shares of NYSE GOLD opened at $56.95 on Tuesday. The firm has a market cap of $1.44 billion, a P/E ratio of 121.17 and a beta of 0.40. Gold.com Inc. has a 12-month low of $19.39 and a 12-month high of $66.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 1.21.

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, beating the consensus estimate of $0.70 by $0.21. Gold.com had a net margin of 0.08% and a return on equity of 7.56%. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $3.41 billion.

Gold.com Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Friday, February 20th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 20th. Gold.com’s payout ratio is presently 170.21%.

Hedge Funds Weigh In On Gold.com

A number of hedge funds have recently bought and sold shares of GOLD. Daytona Street Capital LLC bought a new stake in shares of Gold.com in the 4th quarter worth $68,000. Massachusetts Financial Services Co. MA purchased a new position in Gold.com during the fourth quarter worth about $890,000. State of Alaska Department of Revenue bought a new stake in Gold.com in the 4th quarter worth about $44,000. CWM LLC purchased a new stake in Gold.com in the 4th quarter valued at about $35,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in Gold.com in the 4th quarter valued at about $1,319,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Gold.com News Roundup

Here are the key news stories impacting Gold.com this week:

• Positive Sentiment: Quarter results (reported Feb 5) showed an upside surprise: EPS $0.91 vs. $0.70 consensus and revenue well above estimates — a fundamental positive that supports valuation and long-term outlook.
• Neutral Sentiment: Multiple low-depth comparison pieces from AmericanBankingNews contrast Gold.com with Top Win International; these syndicated comparisons are unlikely to move the stock materially. Article Title
• Neutral Sentiment: Additional comparison/analysis articles from the same publisher repeat similar peer-analysis content; useful for background but not a likely catalyst. Article Title
• Negative Sentiment: Director Jeffrey D. Benjamin sold 40,000 shares on Feb 19 at an average price of $58.45 (~$2.34M). The sale reduced his stake by ~5.22% (SEC filing). Such large, recent insider sales can pressure sentiment even when the insider maintains a sizeable position. SEC Filing
• Negative Sentiment: On Feb 20 the same director sold another 35,000 shares at an average of $58.36 (~$2.04M), further reducing his holdings by ~4.82% and adding to near-term selling pressure. SEC Filing

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GOLD shares. DA Davidson boosted their price objective on Gold.com from $53.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 6th. Roth Mkm set a $60.00 price target on shares of Gold.com in a research report on Wednesday, January 28th. Northland Securities upgraded shares of 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. Zacks Research raised shares of Gold.com from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings assumed coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. 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.