Sapient Capital LLC Sells 43,998 Shares of Sprott Inc. $SII

Key Points

• Sapient Capital cut its Sprott stake by 95.1% in the second quarter, selling 43,998 shares and retaining 2,264 shares valued at approximately $255,000. Institutional investors collectively own 28.3% of Sprott.
• Analysts maintain a generally positive outlook, with Sprott carrying a consensus “Moderate Buy” rating and a $230 target price. Royal Bank of Canada raised its target to $230, while other firms issued hold or slightly downgraded ratings.
• Sprott reported quarterly EPS of $1.33, narrowly missing estimates, while revenue of $71.78 million fell short of expectations. The company also declared a quarterly dividend of $0.40 per share, representing a 1.3% yield.

Sapient Capital LLC lowered its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 95.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,264 shares of the company's stock after selling 43,998 shares during the period. Sapient Capital LLC's holdings in Sprott were worth $255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cumberland Partners Ltd increased its holdings in shares of Sprott by 0.4% in the 4th quarter. Cumberland Partners Ltd now owns 32,300 shares of the company's stock valued at $3,167,000 after acquiring an additional 120 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Sprott by 63.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company's stock worth $38,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Sprott by 63.0% during the first quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company's stock valued at $57,000 after purchasing an additional 155 shares in the last quarter. Mariner LLC boosted its position in Sprott by 2.8% during the fourth quarter. Mariner LLC now owns 6,950 shares of the company's stock valued at $681,000 after purchasing an additional 192 shares in the last quarter. Finally, MGO One Seven LLC grew its stake in Sprott by 2.5% in the fourth quarter. MGO One Seven LLC now owns 8,190 shares of the company's stock valued at $802,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 28.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SII. Royal Bank Of Canada boosted their target price on shares of Sprott from $218.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Weiss Ratings cut shares of Sprott from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. TD Securities reaffirmed a "hold" rating on shares of Sprott in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered shares of Sprott from a "buy" rating to a "hold" rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sprott has a consensus rating of "Moderate Buy" and a consensus target price of $230.00.

Sprott Stock Performance

Shares of NYSE SII opened at $123.26 on Wednesday. Sprott Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $169.63. The company has a market cap of $3.17 billion, a PE ratio of 30.21 and a beta of 0.83. The business has a 50-day simple moving average of $113.18 and a two-hundred day simple moving average of $129.34.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.01). The company had revenue of $71.78 million for the quarter, compared to analyst estimates of $82.45 million. Sprott had a net margin of 26.36% and a return on equity of 28.40%. During the same quarter last year, the company earned $0.52 EPS.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Sprott's payout ratio is currently 39.22%.

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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