D.A. Davidson & CO. Purchases 20,139 Shares of Gold.com Inc. $GOLD

D.A. Davidson & CO. lifted its position in Gold.com Inc. (NYSE:GOLD) by 109.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,595 shares of the company’s stock after purchasing an additional 20,139 shares during the quarter. D.A. Davidson & CO. owned 0.15% of Gold.com worth $1,547,000 at the end of the most recent reporting period.

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

Gold.com Stock Performance

GOLD opened at $39.88 on Wednesday. The stock has a 50-day moving average price of $41.36. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a twelve month low of $20.55 and a twelve month high of $66.70. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $1.62. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. As a group, sell-side analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current fiscal year.

Gold.com Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Gold.com’s dividend payout ratio (DPR) is presently 27.40%.

Gold.com announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 8th that allows the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization allows the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Activity at Gold.com

In other Gold.com news, major shareholder Tether Global Investments Fund purchased 58,536 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $8,622,000. The trade was a 41.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer directly owned 28,202 shares of the company’s stock, valued at $1,172,639.16. This represents a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 730,338 shares of company stock valued at $31,842,096. Company insiders own 23.10% of the company’s stock.

Gold.com 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.