94,168 Shares in Sprott Inc. (NYSE:SII) Acquired by Bastion Asset Management Inc.

Key Points

• Bastion Asset Management Inc. has invested approximately $4.22 million to acquire 94,168 shares of Sprott Inc. (NYSE:SII), making it the firm's 18th largest position.
• Deutsche Bank AG and other institutional investors have significantly increased their stakes in Sprott, with Deutsche Bank raising its position by 100.7% in the fourth quarter.
• Sprott recently reported an EPS of $0.46 for its latest quarter, exceeding the consensus estimate, and announced a quarterly dividend of $0.30 per share.

Bastion Asset Management Inc. bought a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 94,168 shares of the company's stock, valued at approximately $4,221,000. Sprott makes up approximately 2.3% of Bastion Asset Management Inc.'s portfolio, making the stock its 18th largest position. Bastion Asset Management Inc. owned approximately 0.36% of Sprott as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. TD Asset Management Inc lifted its holdings in shares of Sprott by 2.0% in the first quarter. TD Asset Management Inc now owns 58,536 shares of the company's stock valued at $2,622,000 after purchasing an additional 1,159 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Sprott in the first quarter valued at about $247,000. Fidelis Capital Partners LLC acquired a new stake in shares of Sprott in the first quarter valued at about $247,000. Arcus Capital Partners LLC bought a new stake in Sprott during the first quarter worth about $293,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Sprott during the first quarter worth about $1,409,000. 28.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sprott Stock Down 0.9%

Shares of Sprott stock traded down $0.61 on Wednesday, hitting $68.65. The stock had a trading volume of 93,346 shares, compared to its average volume of 164,510. Sprott Inc. has a twelve month low of $38.41 and a twelve month high of $77.16. The business's 50 day moving average is $65.96 and its two-hundred day moving average is $52.91. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 35.70 and a beta of 1.04.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. Sprott had a return on equity of 15.34% and a net margin of 27.53%. The company had revenue of $37.38 million for the quarter, compared to the consensus estimate of $40.48 million.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's dividend payout ratio is currently 62.50%.

Sprott 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.