Regal Partners Ltd Grows Position in Sprott Inc. (NYSE:SII)

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 increased its position in Sprott Inc. (NYSE:SII - Free Report) by 32.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,219 shares of the company's stock after acquiring an additional 29,275 shares during the period. Sprott comprises about 0.5% of Regal Partners Ltd's investment portfolio, making the stock its 24th biggest holding. Regal Partners Ltd owned 0.46% of Sprott worth $5,304,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Sprott during the first quarter valued at about $2,808,000. Global Alpha Capital Management Ltd. grew 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 purchasing an additional 175,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Sprott during the first quarter valued at about $323,000. XTX Topco Ltd bought a new stake in Sprott during the first quarter valued at about $437,000. Finally, Mackenzie Financial Corp grew its holdings in Sprott by 7.1% during the first quarter. Mackenzie Financial Corp now owns 11,571 shares of the company's stock valued at $518,000 after purchasing an additional 764 shares during the period. Institutional investors own 28.30% of the company's stock.

Analysts Set New Price Targets

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

Sprott Price Performance

Shares of NYSE SII traded up $0.93 during mid-day trading on Friday, reaching $65.83. The company's stock had a trading volume of 189,250 shares, compared to its average volume of 239,585. The firm has a market capitalization of $1.70 billion, a PE ratio of 34.11 and a beta of 1.04. The stock has a fifty day moving average of $68.04 and a two-hundred day moving average of $55.14. Sprott Inc. has a 52 week low of $38.44 and a 52 week high of $77.16.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.14. The firm had revenue of $41.97 million during the quarter, compared to analyst estimates of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Announces Dividend

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