Persistent Asset Partners Ltd Acquires Shares of 7,014 Sprott Inc. $SII

Persistent Asset Partners Ltd bought a new position in shares of Sprott Inc. (NYSE:SII) during the fourth quarter, HoldingsChannel.com reports. The firm bought 7,014 shares of the company’s stock, valued at approximately $687,000.

Several other hedge funds also recently made changes to their positions in SII. Capital Research Global Investors raised its position in shares of Sprott by 88.1% in the fourth quarter. Capital Research Global Investors now owns 991,339 shares of the company’s stock valued at $97,101,000 after buying an additional 464,177 shares in the last quarter. Invesco Ltd. bought a new position in Sprott during the 2nd quarter worth $28,948,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 acquiring an additional 369,100 shares during the period. Vanguard Group Inc. raised its holdings 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 acquiring an additional 295,317 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its holdings 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 acquiring an additional 245,173 shares in the last quarter. 28.30% of the stock is owned by institutional investors.

Sprott Stock Performance

Shares of SII opened at $131.00 on Wednesday. Sprott Inc. has a 52-week low of $61.94 and a 52-week high of $169.63. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 40.06 and a beta of 0.76. The business’s fifty day moving average is $133.22 and its 200-day moving average is $126.49.

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

Sprott Announces Dividend

The business also recently announced 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 of this dividend was Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Sprott’s dividend payout ratio is 48.93%.

Wall Street Analysts Forecast Growth

SII has been the topic of several analyst reports. Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Royal Bank Of Canada upped their price objective on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. TD Securities reissued a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.00.

Sprott Company 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.