Pin Oak Investment Advisors Inc. acquired a new position in shares of Sprott Inc. (NYSE:SII – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,266 shares of the company’s stock, valued at approximately $592,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cumberland Partners Ltd raised its stake in shares of Sprott by 0.4% in the 4th quarter. Cumberland Partners Ltd now owns 32,300 shares of the company’s stock valued at $3,167,000 after purchasing an additional 120 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Sprott by 63.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Sprott by 63.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock valued at $57,000 after acquiring an additional 155 shares in the last quarter. Mariner LLC boosted its stake in Sprott by 2.8% in the 4th quarter. Mariner LLC now owns 6,950 shares of the company’s stock valued at $681,000 after purchasing an additional 192 shares during the period. Finally, MGO One Seven LLC grew its position in shares of Sprott by 2.5% during the 4th quarter. MGO One Seven LLC now owns 8,190 shares of the company’s stock worth $802,000 after purchasing an additional 200 shares in the last quarter. 28.30% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SII has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Sprott from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada increased their price objective on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. TD Securities reiterated a “hold” rating on shares of Sprott in a report on Thursday, August 6th. Finally, Weiss Ratings lowered Sprott from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.
Sprott Stock Down 2.4%
SII opened at $133.11 on Friday. The firm has a 50-day moving average price of $114.16 and a 200-day moving average price of $129.37. Sprott Inc. has a twelve month low of $64.55 and a twelve month high of $169.63. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 32.63 and a beta of 0.83.
Sprott (NYSE:SII – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). The company had revenue of $71.78 million for the quarter, compared to analysts’ expectations of $82.45 million. Sprott had a net margin of 26.36% and a return on equity of 28.40%. During the same period in the previous year, the firm earned $0.52 EPS.
Sprott Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 17th. Sprott’s dividend payout ratio (DPR) is presently 39.22%.
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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