Global Alpha Capital Management Ltd. Decreases Stock Holdings in Sprott Inc. $SII

Global Alpha Capital Management Ltd. trimmed its holdings in shares of Sprott Inc. (NYSE:SII) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 552,108 shares of the company’s stock after selling 50,200 shares during the quarter. Sprott accounts for approximately 2.4% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 18th biggest holding. Global Alpha Capital Management Ltd. owned approximately 2.14% of Sprott worth $38,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. O Brien Greene & Co. Inc bought a new stake in Sprott during the second quarter worth approximately $312,000. Bank of Montreal Can lifted its stake in shares of Sprott by 33.8% in the 2nd quarter. Bank of Montreal Can now owns 104,434 shares of the company’s stock valued at $7,224,000 after purchasing an additional 26,363 shares during the last quarter. Regal Partners Ltd boosted its holdings in shares of Sprott by 17.3% in the 2nd quarter. Regal Partners Ltd now owns 138,641 shares of the company’s stock worth $9,579,000 after purchasing an additional 20,422 shares during the period. Investment Management Associates Inc. ADV bought a new position in shares of Sprott during the 2nd quarter valued at approximately $769,000. Finally, TD Asset Management Inc raised its holdings in Sprott by 5.7% during the 2nd quarter. TD Asset Management Inc now owns 61,894 shares of the company’s stock valued at $4,270,000 after buying an additional 3,358 shares during the period. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SII has been the subject of several recent analyst reports. TD Securities lowered shares of Sprott from a “buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sprott Trading Up 7.2%

NYSE SII opened at $90.21 on Friday. The stock has a market cap of $2.33 billion, a PE ratio of 46.26 and a beta of 0.95. Sprott Inc. has a 12 month low of $39.33 and a 12 month high of $90.46. The company’s 50-day moving average price is $78.84 and its 200-day moving average price is $68.62.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $49.18 million during the quarter, compared to analyst estimates of $49.71 million. Sprott had a net margin of 23.26% and a return on equity of 15.01%.

Sprott Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 17th. This is a positive change from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.8%. Sprott’s dividend payout ratio (DPR) is presently 62.18%.

Sprott Company 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.