Gold.com (NYSE:GOLD) Director Jeffrey Benjamin Sells 40,000 Shares of Stock

Gold.com Inc. (NYSE:GOLD) Director Jeffrey Benjamin sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $58.45, for a total transaction of $2,338,000.00. Following the completion of the transaction, the director directly owned 726,000 shares of the company’s stock, valued at $42,434,700. This represents a 5.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gold.com Trading Down 3.2%

Shares of NYSE GOLD opened at $56.95 on Tuesday. The firm has a market capitalization of $1.44 billion, a PE 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 released its earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping 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 firm had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $3.41 billion.

Gold.com Dividend Announcement

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 paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, February 20th. Gold.com’s dividend payout ratio is presently 170.21%.

Analyst Ratings Changes

GOLD has been the subject of several analyst reports. Zacks Research upgraded shares of Gold.com from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Northland Securities upgraded shares of Gold.com from a “market perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Friday, February 6th. Roth Mkm set a $60.00 price target on Gold.com in a research note on Wednesday, January 28th. Weiss Ratings began coverage on Gold.com in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. Finally, DA Davidson increased 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. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $59.00.

Hedge Funds Weigh In On Gold.com

Several large investors have recently bought and sold shares of GOLD. Dimensional Fund Advisors LP acquired a new stake in shares of Gold.com during the fourth quarter worth about $40,273,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Gold.com in the 4th quarter valued at about $32,408,000. Jacobs Levy Equity Management Inc. purchased a new position in Gold.com during the 4th quarter worth approximately $17,971,000. Geode Capital Management LLC purchased a new position in Gold.com during the 4th quarter worth approximately $15,790,000. Finally, State Street Corp acquired a new position in Gold.com during the fourth quarter worth approximately $15,019,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Key Gold.com News

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

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.