Pacer Advisors Inc. Acquires Shares of 181,633 Gold.com Inc. $GOLD

Key Points

• Pacer Advisors Inc. disclosed a new stake in Gold.com, buying 181,633 shares in the fourth quarter valued at about $6.19 million. The position represented roughly 0.72% of the company.
• Analyst sentiment is broadly positive, with Gold.com carrying an overall "Buy" rating and an average price target of $59.75. Recent coverage included buy ratings from DA Davidson and Canaccord, plus an upgrade from Zacks Research to strong-buy.
• Gold.com reported strong quarterly results, posting $3.06 EPS versus the $1.44 estimate and revenue of $10.35 billion versus the $4.81 billion consensus. The company also pays a quarterly dividend of $0.20 per share and has an approved share buyback program.

Pacer Advisors Inc. bought a new stake in Gold.com Inc. (NYSE:GOLD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 181,633 shares of the company's stock, valued at approximately $6,185,000. Pacer Advisors Inc. owned approximately 0.72% of Gold.com as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Roth Mkm set a $52.00 price objective on Gold.com in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Gold.com from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, May 20th. DA Davidson reiterated a "buy" rating and issued a $60.00 target price on shares of Gold.com in a research note on Tuesday, April 28th. Zacks Research raised shares of Gold.com from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 1st. Finally, Canaccord Genuity Group began 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 on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Gold.com presently has an average rating of "Buy" and an average price target of $59.75.

Insider Activity at Gold.com

In other news, major shareholder William A. Richardson sold 20,000 shares of Gold.com stock in a transaction dated 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 sale, the insider owned 277,400 shares in the company, valued at approximately $11,096,000. This trade represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tether Global Investments Fund acquired 58,536 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $43.11 per share, with a total value of $2,523,486.96. Following the acquisition, the insider directly owned 200,000 shares of the company's stock, valued at $8,622,000. This represents a 41.38% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 730,338 shares of company stock valued at $31,842,096 and sold 90,000 shares valued at $3,723,200. 23.10% of the stock is owned by corporate insiders.

Gold.com Price Performance

NYSE GOLD opened at $41.85 on Tuesday. Gold.com Inc. has a 1 year low of $20.54 and a 1 year high of $66.70. The company has a quick ratio of 0.29, a current ratio of 1.18 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.21 billion, a PE ratio of 14.33 and a beta of 0.53. The business has a 50 day moving average price of $43.17.

Gold.com (NYSE:GOLD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 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%. On average, research analysts anticipate that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were paid 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 yield of 1.9%. Gold.com's dividend payout ratio (DPR) is currently 27.40%.

Gold.com declared that its board has approved a share buyback program on Wednesday, April 8th that authorizes the company to repurchase 2,000,000,000,000 shares. This repurchase authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

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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