Insider Buying: Gold.com (NYSE:GOLD) Major Shareholder Acquires 58,536 Shares of Stock

Key Points

• Tether Global Investments Fund, a major shareholder in Gold.com, bought 58,536 shares on May 22 at an average price of $43.11, increasing its stake by 41.38% to 200,000 shares.
• Gold.com has seen a series of recent insider purchases from the same fund, including several additional buys in May, suggesting sustained insider confidence in the stock.
• The company recently beat quarterly earnings expectations and continues to support shareholders with a dividend and a large share buyback authorization, while analysts currently hold a Moderate Buy consensus rating.

Gold.com Inc. (NYSE:GOLD - Get Free Report) major shareholder Tether Global Investments Fund purchased 58,536 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $43.11 per share, with a total value of $2,523,486.96. Following the completion of the transaction, the insider owned 200,000 shares in the company, valued at approximately $8,622,000. This trade represents a 41.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Tether Global Investments Fund also recently made the following trade(s):

• On Thursday, May 21st, Tether Global Investments Fund purchased 40,141 shares of Gold.com stock. The stock was acquired at an average price of $41.36 per share, with a total value of $1,660,231.76.
• On Wednesday, May 20th, Tether Global Investments Fund purchased 56,590 shares of Gold.com stock. The stock was acquired at an average price of $40.57 per share, with a total value of $2,295,856.30.
• On Tuesday, May 19th, Tether Global Investments Fund purchased 44,733 shares of Gold.com stock. The stock was acquired at an average price of $39.40 per share, with a total value of $1,762,480.20.
• On Tuesday, May 5th, Tether Global Investments Fund purchased 530,338 shares of Gold.com stock. The stock was acquired at an average price of $44.50 per share, with a total value of $23,600,041.00.

Gold.com Stock Down 2.0%

NYSE GOLD traded down $0.85 on Wednesday, hitting $42.29. The company's stock had a trading volume of 392,398 shares, compared to its average volume of 715,321. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 1.18. Gold.com Inc. has a 1-year low of $19.39 and a 1-year high of $66.70. The stock's 50-day simple moving average is $43.58. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 14.48 and a beta of 0.55.

Gold.com (NYSE:GOLD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $4.81 billion. On average, equities analysts expect that Gold.com Inc. will post 5.31 EPS for the current year.

Gold.com announced that its board has approved a share buyback plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Gold.com Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be paid 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 of this dividend is Wednesday, May 20th. Gold.com's dividend payout ratio is currently 27.40%.

Analyst Upgrades and Downgrades

GOLD has been the topic of a number of analyst reports. Roth Mkm set a $52.00 price objective on shares of Gold.com in a research note on Thursday, May 7th. DA Davidson reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Gold.com in a research note on Tuesday, April 28th. Northland Securities raised shares of Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research note on Friday, February 6th. Zacks Research lowered shares of Gold.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised shares of Gold.com from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GOLD. CWM LLC bought a new position in Gold.com during the fourth quarter worth $35,000. Larson Financial Group LLC bought a new position in Gold.com during the fourth quarter worth $41,000. Caitong International Asset Management Co. Ltd bought a new position in Gold.com during the fourth quarter worth $42,000. State of Alaska Department of Revenue bought a new position in Gold.com during the fourth quarter worth $44,000. Finally, New York State Teachers Retirement System bought a new position in Gold.com during the fourth quarter worth $55,000. 62.85% of the stock is owned by institutional investors.

Gold.com Company Profile

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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