Robertson Stephens Wealth Management LLC Takes $9.56 Million Position in Sprott Inc. $SII

Key Points

• Robertson Stephens Wealth Management LLC has acquired a new stake in Sprott Inc. valued at approximately $9.56 million, owning about 0.54% of the company's shares as of its recent SEC filing.
• Sprott Inc. experienced a 6.6% decline in stock price and reported earnings of $0.52 per share, which surpassed the consensus estimate of $0.38.
• The company announced a quarterly dividend of $0.30, resulting in an annualized dividend of $1.20 and a dividend yield of 1.5%.

Robertson Stephens Wealth Management LLC acquired a new stake in shares of Sprott Inc. (NYSE:SII - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 138,361 shares of the company's stock, valued at approximately $9,559,000. Robertson Stephens Wealth Management LLC owned about 0.54% of Sprott as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SII. Global Alpha Capital Management Ltd. increased its holdings in Sprott by 41.0% during the first quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company's stock valued at $26,988,000 after buying an additional 175,200 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in Sprott during the first quarter valued at approximately $4,221,000. Nuveen LLC purchased a new stake in Sprott during the first quarter valued at approximately $2,808,000. OneDigital Investment Advisors LLC bought a new position in shares of Sprott in the first quarter worth approximately $1,409,000. Finally, Regal Partners Ltd boosted its position in shares of Sprott by 32.9% in the first quarter. Regal Partners Ltd now owns 118,219 shares of the company's stock worth $5,304,000 after purchasing an additional 29,275 shares during the period. 28.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SII has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Sprott in a research report on Wednesday. TD Securities lowered shares of Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Sprott Stock Down 6.6%

SII stock opened at $82.74 on Friday. Sprott Inc. has a 52 week low of $39.33 and a 52 week high of $89.58. The company has a fifty day simple moving average of $71.32 and a two-hundred day simple moving average of $62.95. The firm has a market capitalization of $2.13 billion, a P/E ratio of 42.87 and a beta of 0.99.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $44.66 million.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 annualized dividend and a dividend yield of 1.5%. Sprott's dividend payout ratio is currently 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.

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