Sprott Inc. (NYSE:SII) Shares Purchased by Regal Partners Ltd

Key Points

• Regal Partners Ltd increased its stake in Sprott Inc. by 32.9% during the first quarter, holding 118,219 shares valued at approximately $5.3 million.
• Sprott recently reported earnings of $0.52 per share, surpassing estimates, with a revenue of $41.97 million for the quarter.
• The company declared a quarterly dividend of $0.30, with a dividend yield of 1.8%, set to be paid on September 2nd.

Regal Partners Ltd raised its holdings in Sprott Inc. (NYSE:SII - Free Report) by 32.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,219 shares of the company's stock after buying an additional 29,275 shares during the period. Sprott makes up approximately 0.5% of Regal Partners Ltd's portfolio, making the stock its 24th largest position. Regal Partners Ltd owned 0.46% of Sprott worth $5,304,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SII. LPL Financial LLC raised its holdings in shares of Sprott by 1.2% in the 4th quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after purchasing an additional 392 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Sprott by 9.9% in the 4th quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock valued at $4,817,000 after purchasing an additional 10,302 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Sprott by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 46,000 shares of the company's stock valued at $1,940,000 after purchasing an additional 6,300 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sprott in the 4th quarter valued at $2,531,000. Finally, Marshall Wace LLP raised its holdings in shares of Sprott by 209.0% in the 4th quarter. Marshall Wace LLP now owns 65,163 shares of the company's stock valued at $2,748,000 after purchasing an additional 44,073 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered shares of Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd.

Sprott Trading Down 0.5%

NYSE:SII traded down $0.30 during midday trading on Thursday, hitting $64.92. 139,376 shares of the company were exchanged, compared to its average volume of 239,682. The company has a fifty day simple moving average of $67.96 and a 200 day simple moving average of $54.89. Sprott Inc. has a fifty-two week low of $38.44 and a fifty-two week high of $77.16. The company has a market capitalization of $1.67 billion, a PE ratio of 33.64 and a beta of 1.04.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, topping 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 firm had revenue of $41.97 million for the quarter, compared to analyst estimates of $44.66 million.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. Sprott's dividend payout ratio is currently 62.18%.

Sprott Company 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.