Quantinno Capital Management LP Has $1.75 Million Position in Gold.com Inc. $GOLD

Key Points

• Quantinno Capital Management increased its Gold.com position by 424.5% in the first quarter, holding 43,547 shares worth approximately $1.75 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. Gold.com has a consensus rating of “Moderate Buy” and an average price target of $59.75.
• Gold.com shares opened at $43.33, with a market capitalization of $1.26 billion and a 52-week range of $22.00 to $66.70. Insiders own 23.10% of the stock, while recent insider purchases included a 58,536-share acquisition by Tether Global Investments Fund.

Quantinno Capital Management LP raised its position in Gold.com Inc. (NYSE:GOLD - Free Report) by 424.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,547 shares of the company's stock after purchasing an additional 35,244 shares during the period. Quantinno Capital Management LP owned approximately 0.15% of Gold.com worth $1,745,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new position in shares of Gold.com during the fourth quarter worth $40,273,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Gold.com in the 4th quarter valued at $32,408,000. Jacobs Levy Equity Management Inc. acquired a new stake in Gold.com during the 4th quarter worth $17,971,000. Geode Capital Management LLC acquired a new stake in Gold.com during the 4th quarter worth $15,790,000. Finally, State Street Corp bought a new position in Gold.com during the fourth quarter worth about $15,019,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GOLD shares. Weiss Ratings raised Gold.com from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, May 20th. DA Davidson reiterated a "buy" rating and set a $60.00 price objective on shares of Gold.com in a report on Tuesday, April 28th. Roth Capital set a $52.00 price objective on Gold.com in a research report on Thursday, May 7th. Canaccord Genuity Group started coverage on Gold.com in a research note on Tuesday, June 9th. They set a "buy" rating and a $70.00 target price for the company. Finally, Zacks Research cut Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $59.75.

Gold.com Trading Down 0.3%

GOLD opened at $43.33 on Wednesday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 14.84 and a beta of 0.54. The company has a current ratio of 1.18, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Gold.com Inc. has a 12 month low of $22.00 and a 12 month high of $66.70. The firm's fifty day simple moving average is $41.46 and its 200 day simple moving average is $45.59.

Insider Activity

In other news, major shareholder Tether Global Investments Fund purchased 58,536 shares of the company's stock in a transaction on Friday, May 22nd. The shares were purchased at an average price 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 $8,622,000. This trade represents a 41.38% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 200,000 shares of company stock valued at $8,242,055. Company insiders own 23.10% of the company's stock.

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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