Regal Partners Ltd Cuts Stock Position in Sprott Inc. $SII

Key Points

• Regal Partners Ltd trimmed its Sprott stake by 28.6% in Q3, selling 39,719 shares and retaining 98,922 shares — about 0.6% of Regal’s portfolio and roughly 0.38% of Sprott, valued at $8.23 million.
• Sprott beat EPS expectations, reporting $1.11 per share versus a $0.53 consensus while revenue missed at $61.7 million, and the company announced a $0.40 quarterly dividend (annualized $1.60, ~1.0% yield, payout ratio ~61.5%).
• Analyst backdrop and valuation: recent upgrades (Wall Street Zen to Buy, RBC to Outperform) produce a "Moderate Buy" consensus with a $132 average target, while Sprott trades near $160.75 with a $4.15 billion market cap and a P/E of 61.8.

Regal Partners Ltd lowered its position in Sprott Inc. (NYSE:SII - Free Report) by 28.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,922 shares of the company's stock after selling 39,719 shares during the period. Sprott makes up about 0.6% of Regal Partners Ltd's portfolio, making the stock its 24th largest position. Regal Partners Ltd owned approximately 0.38% of Sprott worth $8,229,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP acquired a new stake in Sprott in the second quarter valued at approximately $28,000. Farther Finance Advisors LLC purchased a new position in Sprott in the third quarter worth $83,000. Pacifica Partners Inc. acquired a new position in shares of Sprott during the third quarter worth $98,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Sprott by 110.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,786 shares of the company's stock valued at $190,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Indie Asset Partners LLC purchased a new stake in shares of Sprott during the 3rd quarter valued at $201,000. Institutional investors own 28.30% of the company's stock.

Sprott Trading Up 0.7%

NYSE:SII opened at $160.75 on Friday. Sprott Inc. has a 12 month low of $39.33 and a 12 month high of $167.47. The firm has a fifty day simple moving average of $126.48 and a 200-day simple moving average of $97.94. The company has a market capitalization of $4.15 billion, a P/E ratio of 61.83 and a beta of 0.94.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.58. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $69.12 million. Sprott had a net margin of 23.62% and a return on equity of 19.47%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Sprott's dividend payout ratio is currently 61.54%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SII shares. Wall Street Zen upgraded Sprott from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Sprott in a research note on Monday, December 29th. Royal Bank Of Canada raised Sprott from a "sector perform" rating to an "outperform" rating in a report on Friday, February 20th. Finally, TD Securities restated a "hold" rating on shares of Sprott in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Sprott has an average rating of "Moderate Buy" and an average price target of $132.00.

Sprott Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott's product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.

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