TMB Capital Partners LLC Takes Position in Sprott Inc. $SII

TMB Capital Partners LLC purchased a new position in shares of Sprott Inc. (NYSE:SII) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 32,035 shares of the company’s stock, valued at approximately $3,137,000. Sprott accounts for approximately 1.1% of TMB Capital Partners LLC’s holdings, making the stock its 21st biggest position.

Several other large investors have also bought and sold shares of SII. Royal Bank of Canada grew its holdings in Sprott by 29.1% during the 1st quarter. Royal Bank of Canada now owns 109,878 shares of the company’s stock worth $4,930,000 after acquiring an additional 24,763 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Sprott by 7.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,917 shares of the company’s stock valued at $2,688,000 after acquiring an additional 4,326 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Sprott in the 2nd quarter valued at $28,948,000. Sei Investments Co. acquired a new position in shares of Sprott in the 2nd quarter valued at $203,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Sprott by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock worth $1,056,000 after purchasing an additional 225 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SII. TD Securities reiterated a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada upped their price target on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Stock Performance

SII opened at $122.21 on Friday. The firm’s fifty day moving average is $132.57 and its two-hundred day moving average is $126.98. The firm has a market cap of $3.15 billion, a PE ratio of 37.37 and a beta of 0.76. Sprott Inc. has a twelve month low of $61.94 and a twelve month high of $169.63.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) 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 company had revenue of $80.75 million during the quarter, compared to analyst estimates of $78.06 million.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 1.3%. Sprott’s payout ratio is currently 48.93%.

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.