Pullen Investment Management LLC Buys 55,459 Shares of Sandstorm Gold Ltd. (NYSE:SAND)

Pullen Investment Management LLC lifted its holdings in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,819 shares of the company's stock after purchasing an additional 55,459 shares during the quarter. Pullen Investment Management LLC owned 0.06% of Sandstorm Gold worth $1,009,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SAND. Mackenzie Financial Corp boosted its position in shares of Sandstorm Gold by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 127,166 shares of the company's stock valued at $711,000 after purchasing an additional 4,792 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Sandstorm Gold by 4.5% during the fourth quarter. Vident Advisory LLC now owns 140,760 shares of the company's stock worth $785,000 after acquiring an additional 6,100 shares in the last quarter. Two Sigma Advisers LP grew its stake in Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after purchasing an additional 1,974,600 shares in the last quarter. Two Sigma Investments LP grew its stake in Sandstorm Gold by 122.0% in the fourth quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company's stock valued at $10,770,000 after purchasing an additional 1,060,727 shares in the last quarter. Finally, Man Group plc acquired a new position in Sandstorm Gold in the 4th quarter worth about $1,368,000. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Performance

Shares of NYSE:SAND traded down $0.09 during trading on Friday, reaching $8.81. The stock had a trading volume of 3,327,662 shares, compared to its average volume of 3,715,807. Sandstorm Gold Ltd. has a 52 week low of $4.92 and a 52 week high of $9.03. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 176.14 and a beta of 0.48. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $8.12 and a two-hundred day simple moving average of $6.68.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. As a group, analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were given a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SAND shares. Royal Bank of Canada lifted their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank lifted their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

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.