Zazove Associates LLC Has $215,000 Holdings in Sandstorm Gold Ltd. (NYSE:SAND)

Zazove Associates LLC decreased its stake in Sandstorm Gold Ltd. (NYSE:SAND) by 88.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other institutional investors and hedge funds have also bought and sold shares of SAND. American Century Companies Inc. lifted its stake in shares of Sandstorm Gold by 1,787.2% in the third quarter. American Century Companies Inc. now owns 1,049,830 shares of the company’s stock valued at $4,893,000 after buying an additional 994,200 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Sandstorm Gold by 74.0% during the third quarter. Moneta Group Investment Advisors LLC now owns 38,399 shares of the company’s stock valued at $179,000 after purchasing an additional 16,336 shares during the period. Trexquant Investment LP raised its stake in shares of Sandstorm Gold by 134.0% in the third quarter. Trexquant Investment LP now owns 83,956 shares of the company’s stock valued at $391,000 after purchasing an additional 48,081 shares in the last quarter. Bar Harbor Wealth Management lifted its position in Sandstorm Gold by 1.7% in the third quarter. Bar Harbor Wealth Management now owns 1,177,067 shares of the company’s stock worth $5,485,000 after purchasing an additional 19,439 shares during the period. Finally, Versor Investments LP acquired a new stake in Sandstorm Gold during the third quarter worth $138,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock traded up $0.17 during trading on Wednesday, hitting $5.42. 2,666,872 shares of the company’s stock traded hands, compared to its average volume of 2,440,150. The company has a market cap of $1.61 billion, a PE ratio of 38.68 and a beta of 1.10. The firm’s fifty day moving average price is $4.78 and its 200 day moving average price is $4.77. Sandstorm Gold Ltd. has a twelve month low of $3.96 and a twelve month high of $6.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.32 and a quick ratio of 3.32.

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

Sandstorm Gold Cuts Dividend

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

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.