7,200 Shares in Sprott Inc. $SII Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has invested approximately $323,000 in Sprott Inc. by acquiring 7,200 shares during the first quarter.
• Sprott Inc. reported $0.52 earnings per share, exceeding analysts' expectations of $0.38, despite revenue falling short of the consensus at $41.97 million.
• The company declared a quarterly dividend of $0.30 per share, reflecting an annualized yield of 1.9%, with an ex-dividend date set for August 18.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,200 shares of the company's stock, valued at approximately $323,000.

Other large investors have also recently bought and sold shares of the company. Deutsche Bank AG lifted its holdings in Sprott by 100.7% during the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after buying an additional 1,086 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Sprott during the 1st quarter worth $247,000. Y Intercept Hong Kong Ltd acquired a new position in Sprott during the 1st quarter worth $247,000. Essex Financial Services Inc. lifted its holdings in Sprott by 9.2% during the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after buying an additional 477 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its holdings in Sprott by 34.9% during the 4th quarter. Aquatic Capital Management LLC now owns 5,937 shares of the company's stock worth $250,000 after buying an additional 1,537 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Sprott Price Performance

Shares of SII stock traded down $0.54 during trading hours on Monday, reaching $64.74. The company had a trading volume of 114,580 shares, compared to its average volume of 216,009. The company has a 50 day moving average of $68.15 and a 200 day moving average of $56.07. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 33.54 and a beta of 1.04. Sprott Inc. has a 1-year low of $38.44 and a 1-year high of $77.16.

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

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 18th. Sprott's dividend payout ratio (DPR) is presently 62.18%.

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.