XTX Topco Ltd Makes New Investment in Sprott Inc. (NYSE:SII)

Key Points

• XTX Topco Ltd has acquired 9,734 shares of Sprott Inc. (NYSE:SII), valued at approximately $437,000, indicating institutional interest in the stock.
• Sprott recently reported earnings of $0.46 per share, surpassing analysts' expectations by $0.14, although revenue fell short of estimates.
• The company has declared a quarterly dividend of $0.30 per share, yielding 1.8%, with the ex-dividend date set for August 18th.

XTX Topco Ltd purchased a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,734 shares of the company's stock, valued at approximately $437,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Sprott by 1.2% during the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock worth $1,351,000 after purchasing an additional 392 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Sprott by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock worth $744,000 after purchasing an additional 476 shares during the last quarter. Essex Financial Services Inc. lifted its stake in shares of Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after acquiring an additional 477 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Sprott by 7.1% in the first quarter. Mackenzie Financial Corp now owns 11,571 shares of the company's stock worth $518,000 after acquiring an additional 764 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Sprott by 2.3% in the fourth quarter. Stifel Financial Corp now owns 44,118 shares of the company's stock worth $1,860,000 after acquiring an additional 972 shares during the period. 28.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Securities lowered Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday, July 22nd.

Sprott Price Performance

Shares of Sprott stock traded up $0.07 during midday trading on Tuesday, reaching $67.46. The company had a trading volume of 58,447 shares, compared to its average volume of 170,003. The stock has a fifty day moving average price of $67.70 and a 200 day moving average price of $54.58. The firm has a market cap of $1.74 billion, a PE ratio of 34.95 and a beta of 1.04. Sprott Inc. has a fifty-two week low of $38.44 and a fifty-two week high of $77.16.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. The company had revenue of $41.97 million for the quarter, compared to analyst estimates of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 18th. Sprott's dividend payout ratio is presently 62.18%.

Sprott Company Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.