Dimensional Fund Advisors LP decreased its stake in shares of Gold.com Inc. (NYSE:GOLD - Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,088,754 shares of the company's stock after selling 94,040 shares during the period. Dimensional Fund Advisors LP owned 4.30% of Gold.com worth $43,633,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Swiss National Bank increased its position in Gold.com by 1.4% during the 1st quarter. Swiss National Bank now owns 36,500 shares of the company's stock worth $1,463,000 after purchasing an additional 500 shares in the last quarter. CWM LLC acquired a new stake in shares of Gold.com during the 4th quarter worth about $35,000. Larson Financial Group LLC acquired a new stake in shares of Gold.com during the 4th quarter worth about $41,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Gold.com during the fourth quarter worth about $42,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Gold.com in the fourth quarter valued at approximately $44,000. 62.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Roth Capital set a $52.00 target price on shares of Gold.com in a research note on Thursday, May 7th. Weiss Ratings upgraded Gold.com from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, May 20th. DA Davidson reissued a "buy" rating and set a $60.00 price target on shares of Gold.com in a research note on Tuesday, April 28th. Finally, Canaccord Genuity Group started coverage on Gold.com in a report on Tuesday, June 9th. They set a "buy" rating and a $70.00 price objective on the stock. Four investment 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 currently has a consensus rating of "Moderate Buy" and an average target price of $59.75.
Get Our Latest Analysis on GOLD
Gold.com Trading Down 0.0%
Shares of GOLD stock opened at $41.36 on Monday. The firm has a market cap of $1.20 billion, a P/E ratio of 14.16 and a beta of 0.54. Gold.com Inc. has a 1-year low of $20.55 and a 1-year high of $66.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The firm's 50-day simple moving average is $41.32 and its 200-day simple moving average is $45.50.
Gold.com (NYSE:GOLD - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $1.62. Gold.com had a net margin of 0.35% and a return on equity of 17.82%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $4.81 billion. As a group, equities analysts forecast that Gold.com Inc. will post 5.31 EPS for the current year.
Gold.com Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 20th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Gold.com's dividend payout ratio (DPR) is 27.40%.
Gold.com declared that its board has approved a share repurchase program on Wednesday, April 8th that permits the company to repurchase 2,000,000,000,000 outstanding shares. This repurchase authorization permits the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
Insider Buying and Selling at Gold.com
In related news, major shareholder Tether Global Investments Fund acquired 58,536 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $43.11 per share, with a total value of $2,523,486.96. Following the purchase, the insider directly owned 200,000 shares of the company's stock, valued at approximately $8,622,000. This represents a 41.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory N. Roberts sold 40,000 shares of the company's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $41.58, for a total value of $1,663,200.00. Following the sale, the chief executive officer owned 28,202 shares of the company's stock, valued at approximately $1,172,639.16. The trade was a 58.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 730,338 shares of company stock valued at $31,842,096 over the last three months. Corporate insiders own 23.10% of the company's stock.
Gold.com Company Profile
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Free Report)
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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