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

Key Points

• Sapient Capital LLC cut its Sprott position by 95.1% in the second quarter, selling 43,998 shares and retaining 2,264 shares valued at approximately $255,000. Institutional investors own 28.3% of Sprott.
• Analyst sentiment remains moderately positive: two analysts rate Sprott a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $230.
• Sprott reported quarterly EPS of $1.33, slightly below estimates, while revenue of $71.78 million missed expectations. The company also maintains a quarterly dividend of $0.40 per share, equal to a 1.2% annualized yield.

Sapient Capital LLC lowered its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 95.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,264 shares of the company's stock after selling 43,998 shares during the quarter. Sapient Capital LLC's holdings in Sprott were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Archer Investment Corp bought a new position in shares of Sprott in the second quarter worth about $25,000. Ancora Advisors LLC bought a new stake in Sprott during the 2nd quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd raised its stake in Sprott by 63.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company's stock valued at $38,000 after purchasing an additional 150 shares during the period. Plato Investment Management Ltd purchased a new position in Sprott in the 2nd quarter worth approximately $46,000. Finally, Grove Bank & Trust purchased a new position in Sprott in the 2nd quarter worth approximately $56,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SII shares. Wall Street Zen cut shares of Sprott from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. TD Securities reiterated a "hold" rating on shares of Sprott in a research note on Thursday, August 6th. Finally, Weiss Ratings downgraded shares of Sprott from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. 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 a consensus rating of "Moderate Buy" and an average target price of $230.00.

Sprott Trading Down 1.1%

Shares of NYSE SII opened at $129.48 on Friday. Sprott Inc. has a 12-month low of $65.93 and a 12-month high of $169.63. The firm's 50-day moving average price is $115.98 and its 200-day moving average price is $129.64. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 31.74 and a beta of 0.88.

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

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 17th. Sprott's dividend 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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