Sprott Inc. $SII Shares Bought by Harbour Capital Advisors LLC

Key Points

• Harbour Capital Advisors LLC increased its stake in Sprott Inc. by 42.2% during the second quarter, now owning 14,580 shares worth approximately $993,000.
• Several institutional investors, including Global Alpha Capital Management and Millennium Management, have significantly raised their positions in Sprott, contributing to a total of 28.30% of the stock being held by institutional investors.
• Sprott reported a quarterly earnings per share (EPS) of $0.52, exceeding analysts' estimates by $0.14, along with a recently declared quarterly dividend of $0.30 per share.

Harbour Capital Advisors LLC grew its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 42.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,580 shares of the company's stock after purchasing an additional 4,325 shares during the period. Harbour Capital Advisors LLC owned approximately 0.06% of Sprott worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SII. Man Group plc bought a new position in Sprott in the 4th quarter worth approximately $484,000. Intact Investment Management Inc. raised its holdings in shares of Sprott by 92.8% during the first quarter. Intact Investment Management Inc. now owns 26,800 shares of the company's stock valued at $1,201,000 after purchasing an additional 12,900 shares during the last quarter. Millennium Management LLC increased its holdings in Sprott by 2,580.1% during the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after buying an additional 153,233 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Sprott during the first quarter worth $247,000. Finally, Global Alpha Capital Management Ltd. lifted its position in Sprott by 41.0% during the first quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company's stock valued at $26,988,000 after purchasing an additional 175,200 shares during the last quarter. Institutional investors and hedge funds own 28.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TD Securities cut shares of Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Sprott Stock Up 3.3%

Sprott stock traded up $2.44 during mid-day trading on Tuesday, hitting $77.30. 244,817 shares of the company's stock traded hands, compared to its average volume of 168,686. The firm has a 50 day moving average price of $68.39 and a 200 day moving average price of $59.64. The company has a market cap of $1.99 billion, a PE ratio of 39.98 and a beta of 1.01. Sprott Inc. has a one year low of $39.33 and a one year high of $78.00.

Sprott (NYSE:SII - Get Free Report) last posted 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 return on equity of 15.04% and a net margin of 25.21%.The business had revenue of $41.97 million during the quarter, compared to analysts' expectations of $44.66 million.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 18th. Sprott's dividend payout ratio (DPR) is presently 62.18%.

Sprott Company 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.