O Brien Greene & Co. Inc acquired a new stake in shares of Sprott Inc. (NYSE:SII) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $532,000. O Brien Greene & Co. Inc owned about 0.05% of Sprott at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Kopernik Global Investors LLC increased its holdings in Sprott by 2.2% during the 1st quarter. Kopernik Global Investors LLC now owns 1,418,266 shares of the company’s stock valued at $53,878,000 after purchasing an additional 30,459 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Sprott by 133.1% during the first quarter. Russell Investments Group Ltd. now owns 533,215 shares of the company’s stock valued at $20,251,000 after acquiring an additional 304,487 shares in the last quarter. Jacobs Asset Management LLC purchased a new stake in Sprott in the fourth quarter worth $9,422,000. Cannell Peter B & Co. Inc. boosted its holdings in Sprott by 2.9% in the fourth quarter. Cannell Peter B & Co. Inc. now owns 171,180 shares of the company’s stock valued at $4,963,000 after acquiring an additional 4,775 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. purchased a new position in Sprott during the 1st quarter valued at $6,076,000. Institutional investors own 24.51% of the company’s stock.
A number of brokerages have recently commented on SII. Zacks Investment Research upgraded shares of Sprott from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, May 6th. Royal Bank of Canada boosted their price objective on shares of Sprott from $55.00 to $58.00 and gave the stock a “sector perform” rating in a report on Monday, May 10th. Finally, TD Securities increased their target price on Sprott from $50.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, May 10th.
Sprott (NYSE:SII) last posted its quarterly earnings results on Friday, May 7th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.16). Sprott had a return on equity of 10.35% and a net margin of 21.45%. On average, equities analysts forecast that Sprott Inc. will post 1.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Monday, May 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, May 14th. Sprott’s payout ratio is 89.52%.
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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