Jeffrey Benjamin Sells 2,935 Shares of Gold.com (NYSE:GOLD) Stock

Key Points

• Jeffrey Benjamin sold 2,935 shares of NYSE:GOLD on March 6 at an average price of $53.03, trimming his stake by 0.55% to 527,189 shares (≈$27.96M).
• Earnings beat: Gold.com reported EPS of $0.91 versus $0.70 expected and revenue of $6.48B versus $3.41B estimated, indicating a stronger-than-expected quarter.
• Dividend and outlook: The company paid a $0.20 quarterly dividend (annualized $0.80, yield 1.6%) despite a high payout ratio (170%), and analysts hold a consensus "Buy" with an average target of $59 while institutions have added sizable positions.

Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 2,935 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $53.03, for a total transaction of $155,643.05. Following the transaction, the director directly owned 527,189 shares in the company, valued at approximately $27,956,832.67. This represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gold.com Stock Up 1.0%

Shares of NYSE GOLD traded up $0.53 during trading on Tuesday, hitting $50.63. 525,810 shares of the company traded hands, compared to its average volume of 855,079. The stock has a market capitalization of $1.28 billion, a PE ratio of 107.71 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. Gold.com Inc. has a 1 year low of $19.39 and a 1 year high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.21. Gold.com had a return on equity of 7.56% and a net margin of 0.08%.The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $3.41 billion.

Gold.com Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, February 20th. Gold.com's payout ratio is currently 170.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Roth Mkm set a $60.00 price target on shares of Gold.com in a research report on Wednesday, January 28th. DA Davidson lifted their target price on shares of Gold.com from $53.00 to $60.00 and gave the company a "buy" rating in a report on Friday, February 6th. Northland Securities raised shares of Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price target for the company in a research report on Friday, February 6th. Zacks Research raised Gold.com from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. Finally, Weiss Ratings assumed coverage on Gold.com in a research report on Wednesday, January 14th. They issued a "hold (c-)" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $59.00.

Institutional Inflows and Outflows

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