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 trimmed its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 15.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,470 shares of the company's stock after selling 3,786 shares during the period. PDT Partners LLC owned about 0.08% of Sprott worth $918,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Sprott Inc. increased its holdings in Sprott by 1.5% in the 1st quarter. Sprott Inc. now owns 1,584,688 shares of the company's stock worth $71,105,000 after acquiring an additional 23,500 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its position in shares of 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 acquiring an additional 175,200 shares during the last quarter. Jacobs Asset Management LLC boosted its position in shares of Sprott by 11.2% during the 1st quarter. Jacobs Asset Management LLC now owns 288,779 shares of the company's stock valued at $12,958,000 after acquiring an additional 29,069 shares during the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of Sprott by 15.8% during the 1st 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 last quarter. Finally, Millennium Management LLC boosted its position in shares of 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 acquiring an additional 153,233 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Sprott Price Performance

Shares of Sprott stock traded up $1.01 during trading on Friday, hitting $67.69. 185,431 shares of the company's stock traded hands, compared to its average volume of 165,460. Sprott Inc. has a 1 year low of $38.44 and a 1 year high of $77.16. The stock has a market capitalization of $1.75 billion, a P/E ratio of 35.10 and a beta of 1.01. The business has a 50-day simple moving average of $68.22 and a 200-day simple moving average of $57.31.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share 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 company had revenue of $41.97 million for the quarter, compared to the consensus estimate of $44.66 million.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 18th. Sprott's dividend payout ratio (DPR) is currently 62.18%.

Sprott 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.