CenterBook Partners LP Purchases New Shares in Gold.com Inc. $GOLD

Key Points

• CenterBook Partners initiated a position in Gold.com, buying 54,568 shares worth about $2.32 million and representing 0.19% of the company.
• Gold.com reported quarterly EPS of $0.05, missing the $0.68 consensus estimate, while revenue of $3.27 billion fell short of the $4.81 billion forecast.
• The company declared a quarterly dividend of $0.20 per share, equivalent to a 2.1% annualized yield; analysts’ consensus rating was “Moderate Buy” with a $58 price target.

CenterBook Partners LP purchased a new position in Gold.com Inc. (NYSE:GOLD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 54,568 shares of the company's stock, valued at approximately $2,323,000. CenterBook Partners LP owned 0.19% of Gold.com as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of Gold.com by 7.1% during the second quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock valued at $226,000 after purchasing an additional 359 shares during the period. GAMMA Investing LLC boosted its stake in shares of Gold.com by 127.9% in the third quarter. GAMMA Investing LLC now owns 661 shares of the company's stock valued at $28,000 after purchasing an additional 371 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Gold.com by 76.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 966 shares of the company's stock valued at $41,000 after purchasing an additional 418 shares in the last quarter. Swiss National Bank grew its holdings in Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company's stock valued at $1,463,000 after purchasing an additional 500 shares in the last quarter. Finally, WINTON GROUP Ltd grew its holdings in Gold.com by 7.6% during the 2nd quarter. WINTON GROUP Ltd now owns 9,900 shares of the company's stock valued at $412,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

Gold.com Trading Up 0.3%

Gold.com stock opened at $37.73 on Monday. Gold.com Inc. has a 52 week low of $23.00 and a 52 week high of $66.70. The stock has a market cap of $1.10 billion, a P/E ratio of 12.53 and a beta of 0.63. The stock has a 50 day moving average of $42.17 and a 200-day moving average of $44.68.

Gold.com (NYSE:GOLD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.63). The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.81 billion. Gold.com had a return on equity of 17.13% and a net margin of 0.34%. During the same quarter last year, the firm posted ($0.04) EPS. As a group, equities analysts predict that Gold.com Inc. will post 3.35 earnings per share for the current fiscal year.

Gold.com Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, November 19th. Gold.com's dividend payout ratio is 26.58%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Northland Securities set a $55.00 price objective on shares of Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group decreased their price objective on shares of Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday, September 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Gold.com in a research note on Monday, August 17th. DA Davidson reaffirmed a "buy" rating and set a $60.00 target price on shares of Gold.com in a research report on Thursday, September 3rd. Finally, Wall Street Zen cut Gold.com from a "hold" rating to a "sell" rating in a research note on Saturday, October 31st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Gold.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.00.

Insiders Place Their Bets

In related news, major shareholder Tether Global Investments Fund bought 100,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average price of $39.30 per share, for a total transaction of $3,930,000.00. Following the purchase, the insider owned 300,000 shares in the company, valued at $11,790,000. This trade represents a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory N. Roberts sold 25,000 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the completion of the sale, the chief executive officer owned 28,202 shares in the company, valued at approximately $1,392,050.72. This trade represents a 46.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 300,000 shares of company stock valued at $11,840,113 and sold 124,859 shares valued at $5,835,628. 16.50% of the stock is owned by company insiders.

Gold.com Company Profile

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through 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 complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.

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