Global Alpha Capital Management Ltd. Boosts Stock Holdings in Sprott Inc. (NYSE:SII)

Key Points

• Global Alpha Capital Management Ltd. increased its stake in Sprott Inc. (NYSE:SII) by 41.0%, now holding 602,308 shares worth approximately $26.99 million.
• Sprott recently declared a quarterly dividend of $0.30 per share, yielding 1.8% annually, with payment scheduled for September 2nd.
• Sprott's quarterly earnings report showed earnings per share of $0.52, surpassing estimates, but revenue fell short of the consensus at $41.97 million.

Global Alpha Capital Management Ltd. grew its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 41.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 602,308 shares of the company's stock after acquiring an additional 175,200 shares during the quarter. Sprott accounts for approximately 2.0% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 26th largest holding. Global Alpha Capital Management Ltd. owned about 2.33% of Sprott worth $26,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SII. T. Rowe Price Investment Management Inc. purchased a new position in Sprott during the 4th quarter worth $7,039,000. Millennium Management LLC boosted its holdings in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock worth $6,709,000 after acquiring an additional 153,233 shares during the last quarter. Clean Energy Transition LLP boosted its holdings in Sprott by 110.6% during the 4th quarter. Clean Energy Transition LLP now owns 194,372 shares of the company's stock worth $8,197,000 after acquiring an additional 102,064 shares during the last quarter. Bastion Asset Management Inc. purchased a new position in Sprott during the 1st quarter worth $4,221,000. Finally, Bank of America Corp DE boosted its holdings in Sprott by 94.1% during the 4th quarter. Bank of America Corp DE now owns 139,642 shares of the company's stock worth $5,889,000 after acquiring an additional 67,689 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

Shares of NYSE:SII opened at $67.05 on Friday. The company's 50-day moving average is $67.53 and its 200 day moving average is $54.26. The company has a market capitalization of $1.73 billion, a P/E ratio of 34.74 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 issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share 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 the consensus estimate of $44.66 million. Sprott had a net margin of 25.21% and a return on equity of 15.04%.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th. Sprott's payout ratio is 62.50%.

Analysts Set New Price Targets

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

About Sprott

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.

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