Tcfg Wealth Management LLC Takes $703,000 Position in Sprott Inc. $SII

Key Points

• Tcfg Wealth Management LLC invested approximately $703,000 in Sprott Inc. by acquiring 10,190 shares, according to their recent SEC filing.
• Despite a recent downgrade from TD Securities, Sprott maintains a consensus rating of "Moderate Buy" among analysts, with three analysts rating it a Buy.
• Sprott Inc. reported earnings of $0.52 per share, exceeding estimates, and declared a quarterly dividend of $0.30 per share, yielding 1.4%.

Tcfg Wealth Management LLC bought a new position in Sprott Inc. (NYSE:SII - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,190 shares of the company's stock, valued at approximately $703,000.

Several other institutional investors have also bought and sold shares of SII. Sprott Inc. grew its position in Sprott by 1.5% in the first quarter. Sprott Inc. now owns 1,584,688 shares of the company's stock valued at $71,105,000 after acquiring an additional 23,500 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in shares of 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 purchasing an additional 175,200 shares in the last quarter. Jacobs Asset Management LLC grew 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 worth $12,958,000 after purchasing an additional 29,069 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of Sprott by 15.8% in the 1st quarter. Tocqueville Asset Management L.P. now owns 164,043 shares of the company's stock worth $7,361,000 after purchasing an additional 22,345 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. increased its position in shares of Sprott by 1.5% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 137,603 shares of the company's stock worth $6,174,000 after purchasing an additional 1,990 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Securities lowered shares of Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Sprott in a research note on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Sprott Stock Up 2.6%

Shares of NYSE:SII opened at $86.36 on Tuesday. The firm has a market cap of $2.23 billion, a P/E ratio of 44.75 and a beta of 0.99. Sprott Inc. has a 12 month low of $39.33 and a 12 month high of $87.28. The company's 50-day moving average price is $70.23 and its two-hundred day moving average price is $62.33.

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

Sprott Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.4%. Sprott's dividend payout ratio is currently 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.

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