Zazove Associates LLC Reduces Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Zazove Associates LLC lessened its holdings in Sandstorm Gold Ltd. (NYSE:SAND) by 88.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,825 shares of the company’s stock after selling 327,175 shares during the period. Zazove Associates LLC’s holdings in Sandstorm Gold were worth $215,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Guggenheim Capital LLC boosted its position in Sandstorm Gold by 0.9% during the first quarter. Guggenheim Capital LLC now owns 181,228 shares of the company’s stock worth $1,464,000 after acquiring an additional 1,614 shares during the last quarter. Profund Advisors LLC grew its position in shares of Sandstorm Gold by 13.7% in the first quarter. Profund Advisors LLC now owns 19,270 shares of the company’s stock valued at $112,000 after purchasing an additional 2,326 shares during the period. Shell Asset Management Co. increased its stake in Sandstorm Gold by 13.6% in the third quarter. Shell Asset Management Co. now owns 20,100 shares of the company’s stock valued at $94,000 after purchasing an additional 2,400 shares during the last quarter. Barclays PLC increased its stake in Sandstorm Gold by 25.0% in the fourth quarter. Barclays PLC now owns 12,000 shares of the company’s stock valued at $63,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Sandstorm Gold by 0.9% during the third quarter. Raymond James & Associates now owns 286,451 shares of the company’s stock worth $1,335,000 after buying an additional 2,441 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Sandstorm Gold Trading Up 3.3 %

NYSE:SAND traded up $0.17 during mid-day trading on Wednesday, reaching $5.42. The company’s stock had a trading volume of 2,666,872 shares, compared to its average volume of 2,440,150. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.24. The company’s fifty day simple moving average is $4.78 and its two-hundred day simple moving average is $4.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market cap of $1.61 billion, a P/E ratio of 38.68 and a beta of 1.10.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Thursday, February 15th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. The business had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $46.30 million. On average, equities analysts predict that Sandstorm Gold Ltd. will post 0.07 EPS for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 16th will be issued a $0.0147 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold’s payout ratio is currently 28.57%.

About Sandstorm Gold

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.