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

Oak Family Advisors LLC lowered its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SAND. Allworth Financial LP bought a new stake in shares of Sandstorm Gold in the third quarter valued at approximately $60,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth $72,000. Walleye Trading LLC purchased a new position in shares of Sandstorm Gold in the third quarter valued at $85,000. Fiduciary Family Office LLC purchased a new stake in Sandstorm Gold during the 4th quarter worth about $93,000. Finally, Fiduciary Alliance LLC increased its position in shares of Sandstorm Gold by 119.4% during the fourth 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 during the period. 51.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SAND has been the subject of several recent analyst reports. HC Wainwright boosted their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of “Hold” and an average price target of $8.50.

Sandstorm Gold Price Performance

Shares of NYSE:SAND opened at $5.85 on Monday. The company’s fifty day moving average is $5.66 and its 200 day moving average is $5.74. 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 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 PE ratio of 48.71 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million. Research analysts anticipate that Sandstorm Gold Ltd. will post 0.09 earnings per share for the current 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 issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, January 21st. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s payout ratio is currently 50.00%.

Sandstorm Gold Company 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.