Oak Family Advisors LLC Sells 2,959 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Oak Family Advisors LLC lowered its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 19.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,222 shares of the company’s stock after selling 2,959 shares during the period. Oak Family Advisors LLC’s holdings in Sandstorm Gold were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SAND. Allworth Financial LP purchased a new position in shares of Sandstorm Gold in the third quarter worth approximately $60,000. JTC Employer Solutions Trustee Ltd bought a new position in Sandstorm Gold in the 4th quarter worth $72,000. Walleye Trading LLC bought a new stake in Sandstorm Gold during the third quarter valued at about $85,000. Fiduciary Family Office LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth about $93,000. Finally, Fiduciary Alliance LLC lifted its position in shares of Sandstorm Gold by 119.4% during the 4th quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company’s stock valued at $127,000 after buying an additional 12,375 shares in the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SAND. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. HC Wainwright upped their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.50.

Sandstorm Gold Stock Down 1.6 %

Shares of SAND stock opened at $5.85 on Monday. The company’s fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $5.74. Sandstorm Gold Ltd. has a 52 week low of $3.96 and a 52 week high of $6.50. The stock has a market cap of $1.73 billion, a P/E ratio of 48.71 and a beta of 1.10. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. Analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.37%. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Sandstorm Gold Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.