Sprott Inc. $SII is Sprott Inc.'s 5th Largest Position

Key Points

• Sprott Inc. increased its holdings in Sprott Inc. (NYSE:SII) by 1.5% during Q1, making it the 5th largest position in their investment portfolio, now worth over $71 million.
• Institutional investors currently hold 28.30% of Sprott's shares, with Renaissance Technologies and Marshall Wace significantly raising their positions during the last quarters.
• Sprott announced a quarterly dividend of $0.30 per share, with an annualized amount of $1.20, representing a dividend yield of 1.9% and a payout ratio of 62.18%.

Sprott Inc. raised its stake in Sprott Inc. (NYSE:SII - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,584,688 shares of the company's stock after purchasing an additional 23,500 shares during the quarter. Sprott accounts for 3.9% of Sprott Inc.'s investment portfolio, making the stock its 5th biggest holding. Sprott Inc. owned about 6.14% of Sprott worth $71,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SII. Global Alpha Capital Management Ltd. increased its position in Sprott by 41.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company's stock valued at $26,988,000 after acquiring an additional 175,200 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Sprott in the fourth quarter valued at about $7,039,000. Millennium Management LLC grew its position in Sprott by 2,580.1% during the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company's stock worth $6,709,000 after buying an additional 153,233 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in Sprott during the first quarter valued at approximately $4,221,000. Finally, Bank of America Corp DE raised its position in Sprott by 94.1% in the 4th quarter. Bank of America Corp DE now owns 139,642 shares of the company's stock worth $5,889,000 after purchasing an additional 67,689 shares during the last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut shares of Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sprott presently has an average rating of "Moderate Buy".

Sprott Stock Performance

Shares of SII stock traded down $0.54 during trading hours on Monday, reaching $64.74. The company had a trading volume of 114,580 shares, compared to its average volume of 170,255. The firm has a market cap of $1.67 billion, a PE ratio of 33.54 and a beta of 1.04. Sprott Inc. has a one year low of $38.44 and a one year high of $77.16. The business has a fifty day moving average price of $68.15 and a 200-day moving average price of $55.93.

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

Sprott Dividend Announcement

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. The ex-dividend date is Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. Sprott's dividend payout ratio is 62.18%.

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.