PDT Partners LLC Sells 3,786 Shares of Sprott Inc. $SII

Key Points

• PDT Partners LLC has reduced its stake in Sprott Inc. by 15.6%, now holding approximately 20,470 shares valued at $918,000.
• Other large investors like Royal Bank of Canada and Trexquant Investment LP have increased their holdings in Sprott in the 1st quarter, with Royal Bank of Canada raising its stake by 29.1%.
• Sprott recently reported $0.52 EPS for the quarter, exceeding analysts' expectations, and declared a quarterly dividend of $0.30 per share.

PDT Partners LLC lowered its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 15.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,470 shares of the company's stock after selling 3,786 shares during the period. PDT Partners LLC owned 0.08% of Sprott worth $918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Sprott by 29.1% during the 1st quarter. Royal Bank of Canada now owns 109,878 shares of the company's stock worth $4,930,000 after acquiring an additional 24,763 shares during the period. Caption Management LLC boosted its holdings in shares of Sprott by 23.2% in the 1st quarter. Caption Management LLC now owns 32,557 shares of the company's stock valued at $1,461,000 after purchasing an additional 6,138 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Sprott by 17.8% in the 1st quarter. Baird Financial Group Inc. now owns 57,062 shares of the company's stock valued at $2,560,000 after purchasing an additional 8,636 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Sprott by 162.6% in the 1st quarter. Trexquant Investment LP now owns 33,463 shares of the company's stock valued at $1,501,000 after purchasing an additional 20,720 shares in the last quarter. Finally, Jacobs Asset Management LLC boosted its holdings in shares of Sprott by 11.2% in the 1st quarter. Jacobs Asset Management LLC now owns 288,779 shares of the company's stock valued at $12,958,000 after purchasing an additional 29,069 shares in the last quarter. Institutional investors own 28.30% of the company's stock.

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 issued a Hold rating to the company's stock. According to data from MarketBeat, Sprott has an average rating of "Moderate Buy".

Sprott Stock Up 0.8%

SII traded up $0.51 during midday trading on Tuesday, hitting $68.47. 54,469 shares of the company were exchanged, compared to its average volume of 169,243. The firm has a market capitalization of $1.77 billion, a P/E ratio of 35.48 and a beta of 1.01. Sprott Inc. has a 1-year low of $38.51 and a 1-year high of $77.16. The firm's 50 day moving average price is $68.20 and its 200-day moving average price is $57.68.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $44.66 million.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given 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.