Sprott Inc. $SII Position Increased by Caption Management LLC

Key Points

• Caption Management LLC has increased its stake in Sprott Inc. by 23.2%, owning 32,557 shares worth approximately $1.46 million after acquiring an additional 6,138 shares in the first quarter.
• TD Securities downgraded Sprott's rating from "buy" to "hold," with the stock currently holding an average rating of "Moderate Buy" among analysts.
• Sprott recently declared a quarterly dividend of $0.30, to be paid on September 2nd, resulting in an annualized dividend yield of 1.8%.

Caption Management LLC raised its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 23.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,557 shares of the company's stock after purchasing an additional 6,138 shares during the quarter. Caption Management LLC owned 0.13% of Sprott worth $1,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SII. Global Alpha Capital Management Ltd. grew its stake in Sprott by 41.0% during the 1st 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 in the last quarter. Millennium Management LLC grew its stake in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after purchasing an additional 153,233 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in Sprott during the 1st quarter valued at approximately $4,221,000. Bank of America Corp DE grew its stake in Sprott by 94.1% during the 4th quarter. Bank of America Corp DE now owns 139,642 shares of the company's stock valued at $5,889,000 after purchasing an additional 67,689 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Sprott during the 1st quarter valued at approximately $2,808,000. Institutional investors and hedge funds own 28.30% of the company's stock.

Analyst Upgrades and Downgrades

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

Sprott Stock Down 2.2%

NYSE:SII traded down $1.51 during trading hours on Wednesday, reaching $66.44. 247,614 shares of the stock were exchanged, compared to its average volume of 179,708. The firm has a 50 day simple moving average of $68.23 and a 200-day simple moving average of $56.98. Sprott Inc. has a 52 week low of $38.44 and a 52 week high of $77.16. The stock has a market capitalization of $1.71 billion, a P/E ratio of 34.42 and a beta of 1.01.

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, topping the consensus estimate of $0.38 by $0.14. The business had revenue of $41.97 million for the quarter, compared to the consensus estimate of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Sprott's dividend payout ratio (DPR) 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.