Trexquant Investment LP Has $1.50 Million Position in 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 increased its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 162.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,463 shares of the company's stock after purchasing an additional 20,720 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Sprott worth $1,501,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Tacita Capital Inc acquired a new stake in Sprott in the first quarter valued at approximately $35,000. Deutsche Bank AG increased its position in Sprott by 100.7% during the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after acquiring an additional 1,086 shares during the period. Fidelis Capital Partners LLC bought a new position in Sprott during the first quarter worth $247,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Sprott in the 1st quarter valued at $247,000. Finally, Essex Financial Services Inc. raised its stake in shares of 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 buying an additional 477 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Price Performance

SII stock opened at $67.69 on Friday. The company has a fifty day moving average price of $68.22 and a two-hundred day moving average price of $57.31. Sprott Inc. has a one year low of $38.44 and a one year high of $77.16. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 35.07 and a beta of 1.01.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 EPS 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 firm had revenue of $41.97 million during the quarter, compared to analysts' expectations of $44.66 million.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.8%. Sprott's dividend payout ratio (DPR) is currently 62.18%.

Analysts Set New Price Targets

Separately, TD Securities lowered shares of 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

About Sprott

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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