Key Points
- Director Jeffrey Benjamin sold 4,821 shares at an average price of $62.42 on Feb. 12 for a total of $300,926.82, reducing his holding to 169,419 shares (a 2.77% decrease); the sale was disclosed in an SEC filing.
- Gold.com beat expectations for the quarter, reporting EPS of $0.91 vs. $0.70 expected and revenue of $6.48 billion vs. $3.41 billion expected.
- The company announced a quarterly dividend of $0.20 per share (annualized $0.80, yield 1.4%) with an ex-dividend date of Feb. 20, though the dividend payout ratio is a high 170.21%.
Gold.com Inc. (NYSE:GOLD - Get Free Report) Director Jeffrey Benjamin sold 4,821 shares of the firm's stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $62.42, for a total value of $300,926.82. Following the transaction, the director directly owned 169,419 shares of the company's stock, valued at $10,575,133.98. This represents a 2.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Gold.com Stock Down 3.4%
NYSE:GOLD opened at $58.83 on Wednesday. The stock has a market capitalization of $1.49 billion, a PE ratio of 125.17 and a beta of 0.41. The company has a current ratio of 1.21, a quick ratio of 0.66 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 quarterly earnings results on Thursday, February 5th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.21. Gold.com had a net margin of 0.08% and a return on equity of 7.56%. The company had revenue of $6.48 billion during the quarter, compared to analysts' expectations of $3.41 billion.
Gold.com Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 20th. Gold.com's dividend payout ratio (DPR) is presently 170.21%.
Institutional Investors Weigh In On Gold.com
A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in shares of Gold.com in the 4th quarter worth $35,000. Larson Financial Group LLC purchased a new stake in Gold.com during the fourth quarter valued at $41,000. Caitong International Asset Management Co. Ltd purchased a new position in Gold.com in the fourth quarter worth about $42,000. State of Alaska Department of Revenue bought a new stake in shares of Gold.com during the 4th quarter valued at about $44,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Gold.com during the 4th quarter valued at about $55,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GOLD has been the topic of a number of analyst reports. Zacks Research upgraded shares of Gold.com from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 9th. Roth Mkm set a $60.00 target price on shares of Gold.com in a research note on Wednesday, January 28th. Weiss Ratings assumed coverage on shares of Gold.com in a report on Wednesday, January 14th. They set a "hold (c-)" rating on the stock. DA Davidson raised their price target on shares of Gold.com from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Finally, Northland Securities raised Gold.com from a "market perform" rating to an "outperform" rating and set a $57.00 price objective on the stock in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $59.00.
View Our Latest Stock Analysis on Gold.com
About Gold.com
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
