Trexquant Investment LP Acquires 20,720 Shares of Sprott Inc. $SII

Key Points

• Trexquant Investment LP has significantly increased its stake in Sprott Inc. by 162.6%, now holding approximately $1.5 million worth of shares.
• Sprott recently reported earnings, achieving $0.52 EPS, exceeding analyst estimates, while its revenue stood at $41.97 million.
• The company announced a quarterly dividend of $0.30 per share, representing a 1.8% yield, with a payout ratio of 62.18%.

Trexquant Investment LP raised its position in Sprott Inc. (NYSE:SII - Free Report) by 162.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,463 shares of the company's stock after acquiring an additional 20,720 shares during the period. Trexquant Investment LP owned about 0.13% of Sprott worth $1,501,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new position in Sprott in the 1st quarter valued at approximately $35,000. Deutsche Bank AG raised its holdings in Sprott by 100.7% in the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock valued at $91,000 after acquiring an additional 1,086 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Sprott in the 1st quarter valued at approximately $247,000. Y Intercept Hong Kong Ltd acquired a new position in Sprott in the 1st quarter valued at approximately $247,000. Finally, Essex Financial Services Inc. raised its holdings in Sprott by 9.2% in the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock valued at $255,000 after acquiring an additional 477 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company's stock.

Analyst Ratings Changes

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, Sprott presently has an average rating of "Moderate Buy".

Sprott Stock Performance

Shares of SII stock traded up $0.43 during trading hours on Thursday, hitting $69.28. The company had a trading volume of 118,865 shares, compared to its average volume of 143,934. Sprott Inc. has a 12 month low of $39.33 and a 12 month high of $77.16. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 35.90 and a beta of 1.01. The firm's fifty day moving average is $68.20 and its 200 day moving average is $58.01.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $44.66 million.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, August 18th. Sprott's dividend payout ratio 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.