Robertson Stephens Wealth Management LLC Trims Stake in Sprott Inc. $SII

Key Points

• Robertson Stephens trimmed its stake in Sprott Inc. by 13.3% in Q4, selling 15,743 shares and now holds 102,552 shares (about 0.40% of SII) valued at roughly $10.04 million.
• Other institutions moved noticeably: Royal Bank of Canada and Goldman Sachs increased positions while Invesco initiated a large new stake (~$28.95 million); hedge funds and other institutions now own about 28.30% of SII.
• Sprott recently reported an EPS beat ($1.11 vs. $0.53 est.) but revenue missed, pays a $0.40 quarterly dividend (annualized $1.60, 1.2% yield), and trades around $131 with a market cap of $3.38 billion and a consensus price target near $132.

Robertson Stephens Wealth Management LLC reduced its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,552 shares of the company's stock after selling 15,743 shares during the period. Robertson Stephens Wealth Management LLC owned about 0.40% of Sprott worth $10,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SII. Royal Bank of Canada increased its holdings in Sprott by 29.1% during the first quarter. Royal Bank of Canada now owns 109,878 shares of the company's stock valued at $4,930,000 after buying an additional 24,763 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Sprott by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 59,917 shares of the company's stock valued at $2,688,000 after buying an additional 4,326 shares during the last quarter. Invesco Ltd. purchased a new stake in Sprott during the second quarter valued at approximately $28,948,000. Sei Investments Co. purchased a new stake in Sprott during the second quarter valued at approximately $203,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Sprott by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company's stock valued at $1,056,000 after buying an additional 225 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Price Performance

Shares of NYSE SII opened at $131.29 on Friday. The firm has a fifty day moving average price of $145.66 and a 200-day moving average price of $116.32. The stock has a market cap of $3.38 billion, a PE ratio of 50.50 and a beta of 0.78. Sprott Inc. has a 1 year low of $50.56 and a 1 year high of $169.63.

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

Sprott Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Sprott's dividend payout ratio is 61.54%.

Wall Street Analysts Forecast Growth

SII has been the subject of a number of research reports. Royal Bank Of Canada raised shares of Sprott from a "sector perform" rating to an "outperform" rating in a report on Friday, February 20th. Wall Street Zen cut shares of Sprott from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Finally, TD Securities reaffirmed a "hold" rating on shares of Sprott in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Sprott presently has an average rating of "Moderate Buy" and a consensus 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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