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

Pullen Investment Management LLC increased its position in shares of Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,819 shares of the company's stock after acquiring an additional 55,459 shares during the quarter. Pullen Investment Management LLC owned about 0.06% of Sandstorm Gold worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $57,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $66,000. Bank of New York Mellon Corp raised its holdings in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after buying an additional 2,416 shares during the period. Finally, Fiduciary Trust Co acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $86,000. Institutional investors own 51.97% of the company's stock.

Sandstorm Gold Stock Up 1.8%

SAND traded up $0.16 during trading on Wednesday, reaching $8.93. 5,816,246 shares of the stock were exchanged, compared to its average volume of 3,703,886. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. The stock's 50 day moving average price is $8.04 and its two-hundred day moving average price is $6.64. Sandstorm Gold Ltd. has a twelve month low of $4.92 and a twelve month high of $8.94. The stock has a market cap of $2.62 billion, a P/E ratio of 178.64 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Equities analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. Sandstorm Gold's dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

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

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.