TD Asset Management Inc Boosts Stock Holdings in Sprott Inc. $SII

TD Asset Management Inc boosted its stake in shares of Sprott Inc. (NYSE:SII) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,894 shares of the company’s stock after purchasing an additional 3,358 shares during the period. TD Asset Management Inc’s holdings in Sprott were worth $4,270,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Global Alpha Capital Management Ltd. increased its position in shares of Sprott by 41.0% in the first quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company’s stock worth $26,988,000 after acquiring an additional 175,200 shares in the last quarter. Robertson Stephens Wealth Management LLC bought a new position in Sprott during the 2nd quarter valued at $9,559,000. Bastion Asset Management Inc. bought a new position in Sprott during the 1st quarter valued at $4,221,000. Nuveen LLC bought a new position in Sprott during the 1st quarter valued at $2,808,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Sprott in the 1st quarter worth about $1,409,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of SII opened at $85.75 on Tuesday. The firm’s 50 day moving average is $73.85 and its 200-day moving average is $65.24. The stock has a market capitalization of $2.21 billion, a P/E ratio of 44.43 and a beta of 0.99. Sprott Inc. has a 12-month low of $39.33 and a 12-month high of $89.58.

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

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 18th. Sprott’s dividend payout ratio (DPR) is currently 62.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SII shares. Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a research report on Wednesday, October 8th. TD Securities cut shares of Sprott from a “buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.