Public Employees Retirement System of Ohio Buys 3,041 Shares of Sprott Inc. $SII

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Sprott Inc. by 29.8%, owning 13,236 shares valued at approximately $913,000.
• Sprott recently declared a quarterly dividend of $0.30 per share, representing an annualized dividend yield of 1.4%.
• Analysts hold a Moderate Buy rating for Sprott, with recent price targets being adjusted, including a downgrade from a "buy" to a "hold" by TD Securities.

Public Employees Retirement System of Ohio raised its stake in Sprott Inc. (NYSE:SII - Free Report) by 29.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,236 shares of the company's stock after purchasing an additional 3,041 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Sprott worth $913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Capital Advisors LLC grew its stake in shares of Sprott by 42.2% in the second quarter. Harbour Capital Advisors LLC now owns 14,580 shares of the company's stock valued at $993,000 after buying an additional 4,325 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Sprott by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 59,917 shares of the company's stock valued at $2,688,000 after acquiring an additional 4,326 shares during the last quarter. Uniplan Investment Counsel Inc. grew its position in shares of Sprott by 1.5% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 137,603 shares of the company's stock valued at $6,174,000 after acquiring an additional 1,990 shares during the period. Royal Bank of Canada increased its stake in shares of Sprott by 29.1% during the 1st quarter. Royal Bank of Canada now owns 109,878 shares of the company's stock worth $4,930,000 after purchasing an additional 24,763 shares during the last quarter. Finally, Caption Management LLC raised its holdings in shares of Sprott by 23.2% in the 1st quarter. Caption Management LLC now owns 32,557 shares of the company's stock valued at $1,461,000 after purchasing an additional 6,138 shares during the period. Institutional investors own 28.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Sprott in a research report on Saturday, September 27th. TD Securities lowered Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Three 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, the stock presently has an average rating of "Moderate Buy".

Sprott Price Performance

SII stock opened at $84.16 on Monday. Sprott Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $84.64. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 43.61 and a beta of 0.99. The business's fifty day moving average price is $69.89 and its two-hundred day moving average price is $62.04.

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 the consensus estimate of $0.38 by $0.14. Sprott had a net margin of 25.21% and a return on equity of 15.04%. The business had revenue of $41.97 million for the quarter, compared to the consensus estimate of $44.66 million.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, August 18th. Sprott's payout ratio is presently 62.18%.

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.

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