Caldwell Sutter Capital Inc. Invests $1.45 Million in Gold.com Inc. $GOLD

Key Points

• Caldwell Sutter Capital opened a new position in Gold.com (NYSE: GOLD) in Q4, buying 42,702 shares worth about $1.45 million, representing roughly 0.17% of the company as institutional ownership sits near 62.85%.
• Gold.com's board authorized a stock buyback on April 8 that the company states would allow repurchases of up to 2,000,000,000,000 outstanding shares (described as up to 7.9% of shares), a move the board framed as a signal the stock may be undervalued.
• Insiders have been net sellers recently: major shareholder William A. Richardson sold 20,000 shares for $800,000, and insiders sold 504,239 shares totaling about $29.86 million in the last 90 days, with corporate insiders currently owning ~0.63% of the stock.

Caldwell Sutter Capital Inc. acquired a new position in Gold.com Inc. (NYSE:GOLD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,702 shares of the company's stock, valued at approximately $1,454,000. Caldwell Sutter Capital Inc. owned approximately 0.17% of Gold.com at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC purchased a new stake in Gold.com in the fourth quarter worth about $35,000. State of Alaska Department of Revenue bought a new position in shares of Gold.com during the 4th quarter valued at approximately $44,000. Daytona Street Capital LLC purchased a new stake in Gold.com in the 4th quarter worth approximately $68,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Gold.com in the 4th quarter worth approximately $105,000. Finally, NBC Securities Inc. bought a new stake in Gold.com during the 4th quarter worth approximately $107,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Gold.com

In other news, major shareholder William A. Richardson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the transaction, the insider directly owned 277,400 shares in the company, valued at approximately $11,096,000. This represents a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carol Meltzer sold 2,000 shares of the business's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $56.38, for a total transaction of $112,760.00. Following the completion of the sale, the executive vice president owned 23,500 shares in the company, valued at $1,324,930. This represents a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 504,239 shares of company stock valued at $29,856,403 in the last ninety days. Corporate insiders own 0.63% of the company's stock.

Gold.com Stock Down 1.0%

Shares of Gold.com stock opened at $45.24 on Thursday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 96.26 and a beta of 0.50. The firm's 50-day moving average price is $47.73. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a twelve month low of $19.39 and a twelve month high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.41 billion. On average, equities analysts expect that Gold.com Inc. will post 4.34 EPS for the current fiscal year.

Gold.com announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 8th that authorizes the company to buyback 2,000,000,000,000 outstanding shares. This buyback authorization authorizes the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, February 20th. Gold.com's dividend payout ratio is 170.21%.

Analyst Upgrades and Downgrades

GOLD has been the topic of several analyst reports. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. Northland Securities upgraded shares of Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research report on Friday, February 6th. Roth Mkm set a $60.00 target price on shares of Gold.com in a research note on Wednesday, January 28th. DA Davidson reaffirmed a "buy" rating and issued a $60.00 target price on shares of Gold.com in a report on Tuesday. Finally, Weiss Ratings assumed coverage on Gold.com in a research note on Wednesday, January 14th. They issued a "hold (c-)" rating for the company. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.00.

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.

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