Sprott Inc. $SII Shares Sold by Sapient Capital LLC

Sapient Capital LLC lessened its holdings in Sprott Inc. (NYSE:SII) by 95.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,264 shares of the company’s stock after selling 43,998 shares during the quarter. Sapient Capital LLC’s holdings in Sprott were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Archer Investment Corp acquired a new stake in Sprott in the 2nd quarter worth approximately $25,000. Ancora Advisors LLC acquired a new position in Sprott during the 2nd quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd increased its stake in Sprott by 63.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Sprott in the second quarter worth $46,000. Finally, Grove Bank & Trust purchased a new position in shares of Sprott in the second quarter worth $56,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Analyst Upgrades and Downgrades

SII has been the subject of a number of research reports. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Thursday, August 6th. Wall Street Zen cut Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Sprott from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Sprott Stock Down 1.1%

SII stock opened at $129.48 on Friday. Sprott Inc. has a 52-week low of $65.93 and a 52-week high of $169.63. The company’s 50-day simple moving average is $115.98 and its 200-day simple moving average is $129.64. The firm has a market cap of $3.33 billion, a P/E ratio of 31.74 and a beta of 0.88.

Sprott (NYSE:SII) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). The company had revenue of $71.78 million during the quarter, compared to analyst estimates 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 prior year, the business posted $0.52 EPS.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 17th. Sprott’s dividend payout ratio (DPR) is 39.22%.

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.