Gold.com Shares Dip 6.9% After Director Sale as Towle Stakes $11M
Gold.com’s shares fell 6.90% to $58.53 after director Lepine Beverley sold 500 shares at $61.92, leaving him with 14,820 shares and reflecting its 62.9% institutional ownership. Towle & Co opened a $11.08M position of 325,397 shares, boosting its U.S. equity AUM stake by 2.93%.
1. Director Lepine Beverley Sale
On February 12, director Lepine Beverley sold 500 shares of Gold.com at $61.92 per share, reducing his holdings to 14,820 shares. The sale coincided with a 6.90% intraday decline in the stock, closing at $58.53.
2. Towle & Co Opens Stake
Towle & Co initiated a new position in Gold.com by acquiring 325,397 shares at an estimated cost of $11.08 million based on recent average pricing. This purchase increased the firm’s overall U.S. equity assets under management stake by 2.93%.
3. Institutional Backing and Valuation Metrics
Gold.com benefits from 62.9% institutional ownership and reported fiscal revenue of $10.98 billion with net income of $17.32 million, translating to an EPS of $0.47 and a P/E ratio of 134.03. The small-cap retailer’s market capitalization stands at approximately $1.48 billion, with today’s volume at 531,505 shares.