Royce & Associates LP Lowers Holdings in Sprott Inc. (NYSE:SII)

Royce & Associates LP decreased its stake in Sprott Inc. (NYSE:SII) by 2.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 853,557 shares of the company’s stock after selling 25,090 shares during the quarter. Royce & Associates LP owned approximately 3.31% of Sprott worth $38,240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SII. Norges Bank purchased a new stake in shares of Sprott in the fourth quarter worth about $20,936,000. T. Rowe Price Investment Management Inc. purchased a new position in Sprott during the fourth quarter worth approximately $7,039,000. Arrowstreet Capital Limited Partnership boosted its position in Sprott by 757.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company’s stock worth $7,794,000 after purchasing an additional 163,427 shares in the last quarter. Millennium Management LLC boosted its position in Sprott by 2,580.1% during the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company’s stock worth $6,709,000 after purchasing an additional 153,233 shares in the last quarter. Finally, Clean Energy Transition LLP boosted its position in Sprott by 110.6% during the fourth quarter. Clean Energy Transition LLP now owns 194,372 shares of the company’s stock worth $8,197,000 after purchasing an additional 102,064 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded Sprott from a “buy” rating to a “hold” rating in a research report on Tuesday.

Sprott Price Performance

SII stock traded up $0.43 during mid-day trading on Thursday, reaching $71.97. 74,182 shares of the company’s stock were exchanged, compared to its average volume of 163,057. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 37.49 and a beta of 1.04. The stock’s 50 day moving average is $64.82 and its 200 day moving average is $52.05. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $77.16.

Sprott (NYSE:SII) last released its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.14. The business had revenue of $37.38 million for the quarter, compared to the consensus estimate of $40.48 million. Sprott had a return on equity of 15.34% and a net margin of 27.53%.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.67%. Sprott’s dividend payout ratio (DPR) is presently 62.50%.

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.