Intact Investment Management Inc. Acquires 12,900 Shares of Sprott Inc. (NYSE:SII)

Intact Investment Management Inc. grew its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 92.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,800 shares of the company's stock after buying an additional 12,900 shares during the period. Intact Investment Management Inc. owned 0.10% of Sprott worth $1,201,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SII. Norges Bank purchased a new position in shares of Sprott during the 4th quarter valued at about $20,936,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Sprott during the 4th quarter valued at about $7,039,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Sprott by 757.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock valued at $7,794,000 after buying an additional 163,427 shares in the last quarter. Millennium Management LLC lifted its position in shares of Sprott by 2,580.1% during the 4th 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 in the last quarter. Finally, Clean Energy Transition LLP lifted its position in shares of 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. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Down 0.9%

NYSE SII traded down $0.58 during trading hours on Monday, reaching $64.84. The company's stock had a trading volume of 176,702 shares, compared to its average volume of 132,951. The firm's 50-day moving average price is $57.11 and its 200-day moving average price is $47.98. Sprott Inc. has a 1 year low of $38.41 and a 1 year high of $65.97. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 33.77 and a beta of 1.00.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. Sprott had a return on equity of 15.34% and a net margin of 27.53%. The business had revenue of $37.38 million during the quarter, compared to the consensus estimate of $40.48 million.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a yield of 1.85%. Sprott's payout ratio is 62.50%.

Analyst Ratings Changes

Separately, BMO Capital Markets started coverage on Sprott in a research report on Friday, March 7th. They set an "outperform" rating on the stock.

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.