Royce & Associates LP decreased its position in shares of Sprott Inc. (NYSE:SII – Free Report) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 623,344 shares of the company’s stock after selling 40,770 shares during the period. Sprott comprises 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 18th biggest holding. Royce & Associates LP’s holdings in Sprott were worth $61,056,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sprott Inc. grew its stake in shares of Sprott by 3.7% during the 3rd quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock worth $136,896,000 after purchasing an additional 59,101 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of Sprott by 74.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock worth $105,637,000 after purchasing an additional 539,940 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Sprott by 99.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock worth $61,466,000 after purchasing an additional 369,100 shares during the period. Vanguard Group Inc. grew its stake in shares of Sprott by 82.3% during the 4th quarter. Vanguard Group Inc. now owns 573,923 shares of the company’s stock worth $56,215,000 after purchasing an additional 259,112 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Sprott by 98.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 488,978 shares of the company’s stock worth $40,660,000 after purchasing an additional 242,021 shares during the period. Institutional investors and hedge funds own 28.30% of the company’s stock.
Sprott Stock Up 0.1%
SII opened at $125.00 on Tuesday. Sprott Inc. has a twelve month low of $56.20 and a twelve month high of $169.63. The company has a 50-day moving average price of $137.98 and a 200 day moving average price of $122.21. The company has a market cap of $3.22 billion, a PE ratio of 38.22 and a beta of 0.78.
Sprott Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th will be paid 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 Tuesday, May 19th. Sprott’s payout ratio is 48.93%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on SII shares. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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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