CWA Asset Management Group LLC Grows Position in Sprott Inc. $SII

Key Points

• CWA Asset Management Group LLC increased its stake in Sprott by 58.2%, acquiring an additional 26,341 shares to hold 71,604 shares worth about $7.01 million (≈0.28% of the company) after the Q4 13F filing.
• Sprott reported Q4 EPS of $1.11, beating estimates of $0.53 while revenue missed at $61.7M versus $69.12M, and the company showed a 19.47% ROE and a 23.62% net margin.
• Sprott pays a quarterly dividend of $0.40 ($1.60 annually, ~1.2% yield) with a 61.54% payout ratio, and analysts' consensus is a "Moderate Buy" with an average price target of $132.00.

CWA Asset Management Group LLC increased its holdings in Sprott Inc. (NYSE:SII - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,604 shares of the company's stock after purchasing an additional 26,341 shares during the period. CWA Asset Management Group LLC owned 0.28% of Sprott worth $7,011,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. lifted its stake in Sprott by 74.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company's stock worth $105,637,000 after acquiring an additional 539,940 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Sprott in the third quarter worth approximately $711,000. Ritholtz Wealth Management bought a new stake in Sprott in the third quarter worth $968,000. Picton Mahoney Asset Management increased its holdings in shares of Sprott by 45.8% during the 3rd quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company's stock valued at $22,894,000 after acquiring an additional 86,525 shares during the last quarter. Finally, Intact Investment Management Inc. grew its holdings in Sprott by 81.3% during the third quarter. Intact Investment Management Inc. now owns 48,600 shares of the company's stock valued at $4,040,000 after purchasing an additional 21,800 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Down 1.7%

Shares of NYSE SII opened at $134.46 on Friday. The business's 50 day moving average price is $136.29 and its two-hundred day moving average price is $103.71. The company has a market cap of $3.47 billion, a PE ratio of 51.71 and a beta of 0.94. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $169.63.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.58. The company had revenue of $61.70 million during the quarter, compared to analysts' expectations of $69.12 million. Sprott had a return on equity of 19.47% and a net margin of 23.62%.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 2nd. Sprott's payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SII shares. Wall Street Zen upgraded shares of Sprott from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Sprott in a report on Monday, December 29th. Royal Bank Of Canada raised Sprott from a "sector perform" rating to an "outperform" rating in a research note on Friday, February 20th. Finally, TD Securities reiterated a "hold" rating on shares of Sprott in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $132.00.

Sprott Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott's product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.

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