Global Alpha Capital Management Ltd. Lowers Position in Sprott Inc. $SII

Global Alpha Capital Management Ltd. lessened its stake in Sprott Inc. (NYSE:SII) by 6.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 404,639 shares of the company’s stock after selling 28,969 shares during the quarter. Sprott accounts for approximately 2.4% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 16th largest position. Global Alpha Capital Management Ltd.’s holdings in Sprott were worth $39,635,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in Sprott during the fourth quarter valued at $34,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Sprott during the fourth quarter valued at $59,000. Advisory Services Network LLC purchased a new stake in Sprott during the third quarter valued at $74,000. Rialto Wealth Management LLC raised its stake in Sprott by 26.0% during the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock valued at $78,000 after purchasing an additional 165 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Sprott during the fourth quarter valued at $142,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Trading Down 5.5%

Shares of SII opened at $122.69 on Friday. Sprott Inc. has a twelve month low of $61.42 and a twelve month high of $169.63. The company has a market cap of $3.16 billion, a P/E ratio of 37.52 and a beta of 0.76. The company’s fifty day simple moving average is $135.76 and its 200-day simple moving average is $124.50.

Sprott (NYSE:SII) last announced its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.20. Sprott had a net margin of 21.99% and a return on equity of 23.54%. The business had revenue of $80.75 million for the quarter, compared to the consensus estimate of $78.06 million.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.3%. Sprott’s dividend payout ratio is presently 48.93%.

Analysts Set New Price Targets

SII has been the topic of a number of recent research reports. 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 research note on Thursday, May 7th. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

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.