Nuveen LLC Acquires Shares of 62,695 Sprott Inc. $SII

Key Points

• Nuveen LLC has acquired a new position in Sprott Inc. by purchasing 62,695 shares worth approximately $2.8 million, bringing its total ownership to 0.24% of the company.
• Sprott recently reported earnings of $0.52 per share, exceeding analyst expectations, and has declared a quarterly dividend of $0.30 per share with a yield of 1.8%.
• Institutional investors hold 28.3% of Sprott's shares, with notable increases from firms like Global Alpha Capital Management and Millennium Management that raised their stakes significantly.

Nuveen LLC bought a new stake in Sprott Inc. (NYSE:SII - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,695 shares of the company's stock, valued at approximately $2,808,000. Nuveen LLC owned about 0.24% of Sprott at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in shares of Sprott by 100.7% during the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after buying an additional 1,086 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Sprott during the 1st quarter worth approximately $247,000. Y Intercept Hong Kong Ltd bought a new position in shares of Sprott during the 1st quarter worth approximately $247,000. Aquatic Capital Management LLC boosted its holdings in shares of Sprott by 34.9% during the 4th quarter. Aquatic Capital Management LLC now owns 5,937 shares of the company's stock worth $250,000 after buying an additional 1,537 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in shares of Sprott by 9.2% during the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after buying an additional 477 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors.

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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Sprott currently has a consensus rating of "Moderate Buy".

Sprott Stock Up 1.2%

NYSE SII traded up $0.79 on Monday, reaching $65.90. The company had a trading volume of 120,082 shares, compared to its average volume of 189,392. The stock has a market capitalization of $1.70 billion, a P/E ratio of 34.14 and a beta of 1.01. The company's fifty day moving average is $68.16 and its 200 day moving average is $56.68. Sprott Inc. has a 52-week low of $38.44 and a 52-week high of $77.16.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.14. The business had revenue of $41.97 million during the quarter, compared to analyst estimates of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

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 given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th. Sprott's dividend payout ratio is presently 62.18%.

Sprott 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.