TMB Capital Partners LLC acquired a new position in shares of Sprott Inc. (NYSE:SII – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,035 shares of the company’s stock, valued at approximately $3,137,000. Sprott comprises about 1.1% of TMB Capital Partners LLC’s holdings, making the stock its 21st biggest holding. TMB Capital Partners LLC owned approximately 0.12% of Sprott as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors boosted its holdings in shares of Sprott by 88.1% in the 4th quarter. Capital Research Global Investors now owns 991,339 shares of the company’s stock worth $97,101,000 after acquiring an additional 464,177 shares in the last quarter. Invesco Ltd. acquired a new stake in Sprott during the 2nd quarter valued at $28,948,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Sprott by 99.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock valued at $61,466,000 after purchasing an additional 369,100 shares during the last quarter. Vanguard Group Inc. raised its position in Sprott by 1,514.9% in the 3rd quarter. Vanguard Group Inc. now owns 314,811 shares of the company’s stock valued at $26,165,000 after purchasing an additional 295,317 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in Sprott by 19.3% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,515,002 shares of the company’s stock valued at $148,349,000 after purchasing an additional 245,173 shares during the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.
Analyst Ratings Changes
SII has been the topic of several research analyst reports. TD Securities restated a “hold” rating on shares of Sprott in a report 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 upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada increased their price objective on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $230.00.
Sprott Price Performance
SII stock opened at $122.21 on Friday. The company has a 50 day moving average price of $132.57 and a 200 day moving average price of $126.98. Sprott Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $169.63. The stock has a market capitalization of $3.15 billion, a PE ratio of 37.37 and a beta of 0.76.
Sprott (NYSE:SII – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.20. The firm had revenue of $80.75 million for the quarter, compared to analyst estimates of $78.06 million. Sprott had a return on equity of 23.54% and a net margin of 21.99%.
Sprott Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were issued a $0.40 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 1.3%. Sprott’s dividend payout ratio (DPR) is currently 48.93%.
About Sprott
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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