Global Alpha Capital Management Ltd. grew its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 holdings, making the stock its 26th biggest holding. Global Alpha Capital Management Ltd. owned approximately 2.33% of Sprott worth $26,988,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. purchased a new position in shares of Sprott during the fourth quarter valued at about $7,039,000. Millennium Management LLC increased its holdings in Sprott by 2,580.1% in 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 in the last quarter. Clean Energy Transition LLP grew 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 valued at $8,197,000 after buying an additional 102,064 shares in the last quarter. Bastion Asset Management Inc. bought a new position in shares of Sprott during the 1st quarter valued at approximately $4,221,000. Finally, Bank of America Corp DE lifted its position in Sprott by 94.1% in the fourth quarter. Bank of America Corp DE now owns 139,642 shares of the company's stock worth $5,889,000 after buying an additional 67,689 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.
Sprott Price Performance
Shares of SII traded down $1.51 during mid-day trading on Wednesday, reaching $64.73. The company's stock had a trading volume of 107,558 shares, compared to its average volume of 170,578. The company's 50 day moving average is $67.82 and its 200 day moving average is $54.66. The stock has a market cap of $1.67 billion, a PE ratio of 33.54 and a beta of 1.04. Sprott Inc. has a 12-month low of $38.44 and a 12-month high of $77.16.
Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. Sprott had a return on equity of 15.04% and a net margin of 25.21%. The firm had revenue of $41.97 million during the quarter, compared to the consensus estimate of $44.66 million.
Sprott Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Sprott's dividend payout ratio (DPR) is currently 62.18%.
Wall Street Analysts Forecast Growth
Separately, TD Securities lowered Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday, July 22nd.
Get Our Latest Stock Analysis on SII
About Sprott
(
Free Report)
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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