Sapient Capital LLC lessened its position in shares of Sprott Inc. (NYSE:SII – Free Report) by 95.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,264 shares of the company’s stock after selling 43,998 shares during the quarter. Sapient Capital LLC’s holdings in Sprott were worth $255,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SII. Baron Wealth Management LLC raised its stake in shares of Sprott by 37.4% in the second quarter. Baron Wealth Management LLC now owns 2,796 shares of the company’s stock worth $314,000 after purchasing an additional 761 shares during the last quarter. Grove Bank & Trust purchased a new stake in Sprott in the second quarter valued at approximately $56,000. Bank of America Corp DE boosted its position in Sprott by 121.7% in the first quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock valued at $19,257,000 after buying an additional 73,982 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Sprott by 63.0% in the first quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock valued at $57,000 after buying an additional 155 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Sprott by 29.4% in the 1st quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock worth $28,355,000 after buying an additional 45,120 shares during the period. 28.30% of the stock is owned by institutional investors and hedge funds.
Sprott Trading Up 6.7%
Sprott stock opened at $123.26 on Wednesday. Sprott Inc. has a 12 month low of $61.94 and a 12 month high of $169.63. The stock’s 50 day simple moving average is $113.18 and its two-hundred day simple moving average is $129.34. The firm has a market cap of $3.17 billion, a PE ratio of 30.21 and a beta of 0.83.
Sprott Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Sprott’s dividend payout ratio (DPR) is currently 39.22%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on SII shares. Wall Street Zen lowered shares of Sprott from a “buy” rating to a “hold” rating in a research report on Saturday. TD Securities reiterated a “hold” rating on shares of Sprott in a research note on Thursday, August 6th. Weiss Ratings cut shares of Sprott from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price target on shares of Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sprott has an average rating of “Moderate Buy” and an average price target of $230.00.
View Our Latest Stock Analysis on Sprott
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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