Ritholtz Wealth Management Grows Stock Position in Sprott Inc. $SII

Ritholtz Wealth Management lifted its position in Sprott Inc. (NYSE:SII) by 47.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,687 shares of the company’s stock after acquiring an additional 7,335 shares during the period. Ritholtz Wealth Management owned 0.09% of Sprott worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in Sprott in the 1st quarter valued at $184,000. Summit Wealth Partners LLC acquired a new stake in Sprott during the 1st quarter worth $215,000. Baron Wealth Management LLC acquired a new stake in Sprott during the 1st quarter worth $291,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Sprott by 124.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 528 shares of the company’s stock worth $52,000 after buying an additional 293 shares in the last quarter. Finally, Aristides Capital LLC grew its holdings in shares of Sprott by 4.7% during the fourth quarter. Aristides Capital LLC now owns 6,273 shares of the company’s stock worth $614,000 after buying an additional 280 shares in the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on SII. TD Securities reissued a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. 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 research note on Thursday, May 7th. Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Trading Up 6.9%

Shares of SII opened at $112.37 on Friday. Sprott Inc. has a 12-month low of $61.94 and a 12-month high of $169.63. The firm has a market capitalization of $2.90 billion, a P/E ratio of 34.36 and a beta of 0.76. The firm has a 50-day moving average price of $128.66 and a 200 day moving average price of $127.66.

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

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 19th. Sprott’s payout ratio is presently 48.93%.

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.