Gold.com Inc. $GOLD Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Gold.com holdings by 65.2% in the second quarter, selling 49,427 shares and retaining 26,330 shares worth approximately $1.1 million. Institutional investors and hedge funds collectively own 62.85% of the company.
• Analyst sentiment remains generally positive, with four Buy ratings and two Hold ratings, producing a consensus “Moderate Buy” rating and an average price target of $58.00. However, some firms recently lowered their ratings or targets.
• Gold.com reported weaker-than-expected quarterly results, with EPS of $0.41 versus the $0.96 consensus estimate and revenue of $5.01 billion versus $5.67 billion expected. The company also announced a special $0.20-per-share dividend, while insiders sold 85,792 shares worth about $4.1 million over the past quarter.

Engineers Gate Manager LP decreased its holdings in Gold.com Inc. (NYSE:GOLD - Free Report) by 65.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,330 shares of the company's stock after selling 49,427 shares during the period. Engineers Gate Manager LP owned approximately 0.09% of Gold.com worth $1,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in Gold.com in the 4th quarter valued at $41,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Gold.com during the fourth quarter worth about $129,000. FourThought Financial Partners LLC acquired a new position in shares of Gold.com during the fourth quarter worth about $205,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Gold.com in the second quarter worth about $225,000. Finally, Arizona State Retirement System boosted its position in shares of Gold.com by 7.1% in the second quarter. Arizona State Retirement System now owns 5,435 shares of the company's stock worth $226,000 after buying an additional 359 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GOLD shares. DA Davidson reiterated a "buy" rating and set a $60.00 target price on shares of Gold.com in a report on Thursday, September 3rd. Canaccord Genuity Group decreased their price target on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Northland Securities set a $55.00 price objective on shares of Gold.com in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Gold.com from a "hold" rating to a "sell" rating in a research note on Saturday, September 12th. Finally, Zacks Research cut shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Insider Activity

In other news, Director Jeffrey D. Benjamin sold 3,652 shares of the firm's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $47.07, for a total value of $171,899.64. Following the transaction, the director directly owned 300,613 shares in the company, valued at approximately $14,149,853.91. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Moorhead John sold 1,000 shares of Gold.com stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $47.34, for a total transaction of $47,340.00. Following the completion of the transaction, the director directly owned 27,756 shares of the company's stock, valued at $1,313,969.04. This trade represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,792 shares of company stock valued at $4,095,266 over the last quarter. 0.63% of the stock is owned by company insiders.

Gold.com Stock Down 3.3%

Shares of NYSE GOLD opened at $45.35 on Friday. The stock's 50 day moving average price is $43.48 and its two-hundred day moving average price is $43.79. Gold.com Inc. has a 52-week low of $23.00 and a 52-week high of $66.70. The stock has a market capitalization of $1.32 billion, a P/E ratio of 15.53 and a beta of 0.56.

Gold.com (NYSE:GOLD - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a return on equity of 17.22% and a net margin of 0.32%.The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the previous year, the business posted $0.41 EPS. On average, analysts anticipate that Gold.com Inc. will post 3.73 EPS for the current year.

Gold.com Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com's payout ratio is currently 27.40%.

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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