Nuveen LLC Makes New Investment in 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 position in shares of Sprott Inc. (NYSE:SII - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 62,695 shares of the company's stock, valued at approximately $2,808,000. Nuveen LLC owned 0.24% of Sprott as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Sprott by 2.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock worth $744,000 after acquiring an additional 476 shares during the period. Essex Financial Services Inc. grew its holdings in 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 acquiring an additional 477 shares during the period. Mackenzie Financial Corp grew its holdings in Sprott by 7.1% during the 1st quarter. Mackenzie Financial Corp now owns 11,571 shares of the company's stock worth $518,000 after acquiring an additional 764 shares during the period. Stifel Financial Corp grew its holdings in Sprott by 2.3% during the 4th quarter. Stifel Financial Corp now owns 44,118 shares of the company's stock worth $1,860,000 after acquiring an additional 972 shares during the period. Finally, Deutsche Bank AG grew its holdings in 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 acquiring an additional 1,086 shares during the period. Institutional investors and hedge funds own 28.30% of the company's stock.

Wall Street Analyst Weigh In

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

Sprott Trading Down 2.2%

Shares of SII stock traded down $1.51 on Wednesday, hitting $66.44. The stock had a trading volume of 247,614 shares, compared to its average volume of 179,708. Sprott Inc. has a twelve month low of $38.44 and a twelve month high of $77.16. The firm has a market cap of $1.71 billion, a P/E ratio of 34.42 and a beta of 1.01. The company has a fifty day moving average price of $68.23 and a two-hundred day moving average price of $56.98.

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

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. 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.