Bank of Montreal Can Buys 26,363 Shares of Sprott Inc. $SII

Bank of Montreal Can increased its stake in shares of Sprott Inc. (NYSE:SII) by 33.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,434 shares of the company’s stock after buying an additional 26,363 shares during the period. Bank of Montreal Can owned about 0.40% of Sprott worth $7,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. increased its stake in shares of Sprott by 41.0% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company’s stock worth $26,988,000 after purchasing an additional 175,200 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in Sprott in the second quarter worth $9,559,000. Bastion Asset Management Inc. purchased a new position in shares of Sprott during the 1st quarter valued at $4,221,000. Nuveen LLC purchased a new position in shares of Sprott during the 1st quarter valued at $2,808,000. Finally, Regal Partners Ltd grew its stake in shares of Sprott by 32.9% during the 1st quarter. Regal Partners Ltd now owns 118,219 shares of the company’s stock worth $5,304,000 after acquiring an additional 29,275 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SII. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a report on Wednesday, October 8th. TD Securities lowered shares of Sprott from a “buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Sprott currently has an average rating of “Moderate Buy”.

Sprott Stock Up 7.2%

Shares of SII opened at $90.21 on Monday. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $90.46. The stock has a market cap of $2.33 billion, a PE ratio of 46.26 and a beta of 0.95. The business’s 50-day moving average price is $78.84 and its 200-day moving average price is $68.85.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $49.18 million during the quarter, compared to analysts’ expectations 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. Stockholders of record on Monday, November 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.8%. Sprott’s payout ratio is currently 61.54%.

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.