Kathmere Capital Management LLC Takes Position in Sprott Inc. $SII

Key Points

• Kathmere Capital Management LLC purchased a new stake in Sprott Inc., acquiring 3,061 shares worth approximately $211,000 in the second quarter.
• Sprott reported a quarterly earnings per share (EPS) of $0.52, exceeding analysts' expectations of $0.38, despite revenues falling short at $41.97 million against an anticipated $44.66 million.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized yield of 1.4% with a dividend payout ratio (DPR) of 62.18%.

Kathmere Capital Management LLC bought a new stake in Sprott Inc. (NYSE:SII - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,061 shares of the company's stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SII. Global Alpha Capital Management Ltd. increased its stake in shares of Sprott by 41.0% in the first quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company's stock valued at $26,988,000 after buying an additional 175,200 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in Sprott in the first quarter worth about $4,221,000. Nuveen LLC acquired a new stake in Sprott in the first quarter worth about $2,808,000. OneDigital Investment Advisors LLC acquired a new stake in Sprott in the first quarter worth about $1,409,000. Finally, Regal Partners Ltd increased its position in Sprott by 32.9% in the first quarter. Regal Partners Ltd now owns 118,219 shares of the company's stock worth $5,304,000 after purchasing an additional 29,275 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Up 2.1%

Shares of SII opened at $83.46 on Tuesday. Sprott Inc. has a 1 year low of $39.33 and a 1 year high of $83.82. The stock has a market cap of $2.15 billion, a P/E ratio of 43.24 and a beta of 1.01. The stock's 50-day moving average price is $68.96 and its two-hundred day moving average price is $60.95.

Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $44.66 million.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. Sprott's dividend payout ratio (DPR) is 62.18%.

Analyst Ratings Changes

Separately, TD Securities lowered Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

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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