Koshinski Asset Management Inc. Raises Stock Position in Sandstorm Gold Ltd. (NYSE:SAND)

Koshinski Asset Management Inc. lifted its stake in shares of Sandstorm Gold Ltd. (NYSE:SAND) by 37.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,933 shares of the company’s stock after acquiring an additional 7,950 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Sandstorm Gold were worth $146,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SAND. Acadian Asset Management LLC purchased a new stake in shares of Sandstorm Gold during the 1st quarter worth approximately $25,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Sandstorm Gold during the 3rd quarter worth approximately $47,000. PNC Financial Services Group Inc. increased its holdings in shares of Sandstorm Gold by 49.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,100 shares of the company’s stock valued at $47,000 after acquiring an additional 3,000 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at $53,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $5.24 on Wednesday. The firm’s fifty day simple moving average is $4.76 and its 200-day simple moving average is $4.76. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 37.43 and a beta of 1.10. Sandstorm Gold Ltd. has a 12 month low of $3.96 and a 12 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 earnings results on Thursday, February 15th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The business had revenue of $44.50 million for the quarter, compared to analysts’ expectations of $46.30 million. Sandstorm Gold had a net margin of 23.22% and a return on equity of 2.89%. As a group, equities analysts forecast that Sandstorm Gold Ltd. will post 0.07 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 16th will be issued a $0.0147 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.12%. Sandstorm Gold’s 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.