Meixler Investment Management Ltd. Takes Position in Sandstorm Gold Ltd. (NYSE:SAND)

Meixler Investment Management Ltd. acquired a new stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,905 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds have also recently modified their holdings of the stock. Louisbourg Investments Inc. increased its holdings in shares of Sandstorm Gold by 17.4% during the fourth quarter. Louisbourg Investments Inc. now owns 728,182 shares of the company’s stock valued at $4,071,000 after acquiring an additional 108,000 shares in the last quarter. Money Concepts Capital Corp increased its holdings in shares of Sandstorm Gold by 3.1% during the fourth quarter. Money Concepts Capital Corp now owns 177,499 shares of the company’s stock valued at $990,000 after acquiring an additional 5,393 shares in the last quarter. Fiduciary Family Office LLC acquired a new position in Sandstorm Gold in the 4th quarter worth approximately $93,000. Ullmann Wealth Partners Group LLC acquired a new position in Sandstorm Gold in the 4th quarter worth approximately $223,000. Finally, FNY Investment Advisers LLC increased its holdings in Sandstorm Gold by 20.0% in the 4th quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company’s stock worth $133,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 51.97% of the company’s stock.

Analyst Upgrades and Downgrades

SAND has been the topic of several research reports. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.50.

Sandstorm Gold Trading Down 4.1 %

Shares of NYSE:SAND opened at $6.38 on Friday. Sandstorm Gold Ltd. has a 1 year low of $3.98 and a 1 year high of $6.67. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 53.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The business’s 50 day moving average price is $5.78 and its 200-day moving average price is $5.79.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.25%. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

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.