Sprott Inc. (NYSE:SII) Shares Purchased by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its holdings in Sprott Inc. by 15.8% in Q1, owning 164,043 shares valued at approximately $7.36 million.
• Sprott Inc. reported a quarterly EPS of $0.52, surpassing analysts' expectations, but had a revenue of $41.97 million, below the anticipated $44.66 million.
• The company declared a quarterly dividend of $0.30 per share, with a payment date set for September 2nd, yielding an annualized 1.8%.

Tocqueville Asset Management L.P. grew its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,043 shares of the company's stock after buying an additional 22,345 shares during the period. Tocqueville Asset Management L.P. owned 0.64% of Sprott worth $7,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Man Group plc purchased a new stake in shares of Sprott in the 4th quarter valued at about $484,000. Intact Investment Management Inc. increased its position in Sprott by 92.8% during the 1st quarter. Intact Investment Management Inc. now owns 26,800 shares of the company's stock worth $1,201,000 after purchasing an additional 12,900 shares during the period. Millennium Management LLC increased its position in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock worth $6,709,000 after purchasing an additional 153,233 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Sprott in the 1st quarter worth approximately $247,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Sprott in the 1st quarter worth approximately $446,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sprott Stock Performance

SII stock opened at $65.83 on Friday. Sprott Inc. has a 1 year low of $38.44 and a 1 year high of $77.16. The stock's 50 day moving average price is $68.04 and its 200 day moving average price is $55.14. The firm has a market cap of $1.70 billion, a P/E ratio of 34.11 and a beta of 1.04.

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

Sprott Announces Dividend

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

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