Plus Group Wealth Advisors LLC bought a new stake in Sprott Inc. (NYSE:SII – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $490,000. Sprott accounts for about 0.5% of Plus Group Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest position.
Several other institutional investors have also recently added to or reduced their stakes in SII. Flagship Harbor Advisors LLC acquired a new position in Sprott in the 4th quarter valued at about $34,000. Kohmann Bosshard Financial Services LLC acquired a new position in Sprott in the 4th quarter valued at about $59,000. Advisory Services Network LLC acquired a new position in Sprott in the 3rd quarter valued at about $74,000. Rialto Wealth Management LLC raised its stake in Sprott by 26.0% in the 4th quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock valued at $78,000 after purchasing an additional 165 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Sprott in the 3rd quarter valued at about $178,000. Institutional investors and hedge funds own 28.30% of the company’s stock.
Sprott Price Performance
NYSE SII opened at $128.91 on Friday. Sprott Inc. has a 12 month low of $55.22 and a 12 month high of $169.63. The company has a 50-day moving average of $142.24 and a 200-day moving average of $120.05. The company has a market cap of $3.32 billion, a P/E ratio of 39.42 and a beta of 0.78.
Sprott Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Sprott’s dividend payout ratio is currently 48.93%.
Analyst Upgrades and Downgrades
SII has been the subject of several analyst reports. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Royal Bank Of Canada boosted their target price on shares of Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, TD Securities reissued a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $230.00.
Sprott Profile
Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.
In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.
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