Philadelphia Financial Management of San Francisco LLC Has $13.29 Million Holdings in Sprott Inc. $SII

Key Points

• Philadelphia Financial Management of San Francisco LLC reduced its stake in Sprott Inc. by 22.8%, holding 296,235 shares valued at approximately $13.29 million.
• Analysts have downgraded Sprott's rating from "buy" to "hold", and the stock currently has an average rating of "Moderate Buy".
• Sprott recently announced a quarterly dividend of $0.30 per share, reflecting an annual yield of 1.8% and a payout ratio of 62.18%.

Philadelphia Financial Management of San Francisco LLC reduced its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,235 shares of the company's stock after selling 87,272 shares during the quarter. Sprott accounts for about 2.6% of Philadelphia Financial Management of San Francisco LLC's investment portfolio, making the stock its 16th largest holding. Philadelphia Financial Management of San Francisco LLC owned about 1.15% of Sprott worth $13,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SII. Tacita Capital Inc purchased a new position in shares of Sprott during the 1st quarter valued at approximately $35,000. Deutsche Bank AG lifted its stake in Sprott by 100.7% during the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after purchasing an additional 1,086 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Sprott during the first quarter worth $247,000. Y Intercept Hong Kong Ltd bought a new position in Sprott during the first quarter worth $247,000. Finally, Essex Financial Services Inc. increased its position in Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after buying an additional 477 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Trading Up 1.4%

SII stock traded up $0.99 during trading hours on Thursday, hitting $69.84. 48,526 shares of the stock traded hands, compared to its average volume of 168,457. The stock has a 50-day simple moving average of $68.21 and a 200 day simple moving average of $57.83. Sprott Inc. has a one year low of $39.33 and a one year high of $77.16. The company has a market cap of $1.80 billion, a P/E ratio of 36.23 and a beta of 1.01.

Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, beating 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.30 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Sprott's dividend payout ratio (DPR) is 62.18%.

Wall Street Analyst Weigh In

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

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.