Sprott Inc. $SII Stock Position Lifted by Sprott Inc.

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. grew its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,584,688 shares of the company's stock after purchasing an additional 23,500 shares during the quarter. Sprott comprises approximately 3.9% of Sprott Inc.'s portfolio, making the stock its 5th biggest holding. Sprott Inc. owned 6.14% of Sprott worth $71,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its position in Sprott by 8.7% during the first quarter. Raymond James Financial Inc. now owns 65,247 shares of the company's stock worth $2,928,000 after purchasing an additional 5,220 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of Sprott by 15.8% in the first quarter. Tocqueville Asset Management L.P. now owns 164,043 shares of the company's stock valued at $7,361,000 after acquiring an additional 22,345 shares during the period. Tacita Capital Inc bought a new position in shares of Sprott in the first quarter valued at approximately $35,000. Regal Partners Ltd boosted its position in shares of Sprott by 32.9% in the first quarter. Regal Partners Ltd now owns 118,219 shares of the company's stock valued at $5,304,000 after acquiring an additional 29,275 shares during the period. Finally, Nuveen LLC bought a new position in shares of Sprott in the first quarter valued at approximately $2,808,000. Institutional investors own 28.30% of the company's stock.

Sprott Stock Performance

Shares of NYSE SII traded down $0.35 during mid-day trading on Wednesday, hitting $64.73. The stock had a trading volume of 20,993 shares, compared to its average volume of 168,862. Sprott Inc. has a 1 year low of $38.44 and a 1 year high of $77.16. The business has a 50 day moving average price of $68.17 and a two-hundred day moving average price of $56.14. The firm has a market cap of $1.67 billion, a P/E ratio of 33.53 and a beta of 1.04.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.14. The business 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered shares of Sprott from a "buy" rating to a "hold" rating in a research 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.com, the stock has an average rating of "Moderate Buy".

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.