Persistent Asset Partners Ltd acquired a new stake in Sprott Inc. (NYSE:SII – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,014 shares of the company’s stock, valued at approximately $687,000.
Several other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Sprott in the 4th quarter valued at about $34,000. Caitong International Asset Management Co. Ltd increased its position in Sprott by 63.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after buying an additional 150 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Sprott in the fourth quarter valued at approximately $59,000. Advisory Services Network LLC bought a new stake in Sprott in the third quarter valued at approximately $74,000. Finally, Rialto Wealth Management LLC lifted its position in shares of Sprott by 26.0% in the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock valued at $78,000 after buying an additional 165 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.
Sprott Stock Up 2.1%
Shares of NYSE:SII opened at $131.00 on Wednesday. Sprott Inc. has a 12-month low of $61.94 and a 12-month high of $169.63. The business has a 50 day moving average of $133.22 and a 200-day moving average of $126.49. The stock has a market cap of $3.38 billion, a PE ratio of 40.06 and a beta of 0.76.
Sprott Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 1.2%. Sprott’s dividend payout ratio (DPR) is presently 48.93%.
Wall Street Analysts Forecast Growth
SII has been the subject of several research analyst reports. TD Securities reiterated 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 report on Wednesday, May 20th. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada upped their price objective 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and an average price target of $230.00.
View Our Latest Stock Report on SII
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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