Sprott Inc. $SII Shares Bought 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. raised its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,043 shares of the company's stock after purchasing 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).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SII. Tacita Capital Inc purchased a new stake in Sprott in the first quarter worth $35,000. Deutsche Bank AG increased its stake in Sprott by 100.7% in the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after purchasing an additional 1,086 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Sprott in the first quarter worth $247,000. Y Intercept Hong Kong Ltd purchased a new stake in Sprott in the first quarter worth $247,000. Finally, Essex Financial Services Inc. increased its stake in Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after purchasing an additional 477 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Performance

SII traded up $1.5650 during trading on Friday, hitting $65.2650. 65,703 shares of the stock were exchanged, compared to its average volume of 169,968. The firm has a 50 day simple moving average of $68.11 and a 200 day simple moving average of $55.61. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 33.83 and a beta of 1.04. Sprott Inc. has a 1 year low of $38.44 and a 1 year high of $77.16.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly 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 business had revenue of $41.97 million for the quarter, compared to the consensus estimate of $44.66 million.

Sprott Dividend Announcement

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

Analysts Set New Price Targets

Separately, TD Securities downgraded Sprott from a "buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

About Sprott

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.