Global Alpha Capital Management Ltd. Sells 28,969 Shares of Sprott Inc. $SII

Global Alpha Capital Management Ltd. trimmed its holdings in shares of Sprott Inc. (NYSE:SII) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 404,639 shares of the company’s stock after selling 28,969 shares during the quarter. Sprott makes up about 2.4% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 16th largest holding. Global Alpha Capital Management Ltd. owned approximately 1.57% of Sprott worth $39,635,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SII. Flagship Harbor Advisors LLC bought a new position in shares of Sprott in the fourth quarter worth approximately $34,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott in the fourth quarter worth approximately $59,000. Advisory Services Network LLC bought a new position in shares of Sprott in the third quarter worth approximately $74,000. Rialto Wealth Management LLC boosted its position in shares of Sprott by 26.0% in the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock worth $78,000 after purchasing an additional 165 shares during the period. Finally, Employees Retirement System of Texas bought a new position in shares of Sprott in the fourth quarter worth approximately $142,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Performance

SII stock opened at $122.69 on Friday. Sprott Inc. has a one year low of $61.42 and a one year high of $169.63. The company’s fifty day moving average price is $135.76 and its 200-day moving average price is $124.50. The company has a market capitalization of $3.16 billion, a PE ratio of 37.52 and a beta of 0.76.

Sprott (NYSE:SII) last released its earnings results on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, topping 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 firm 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 announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Sprott’s payout ratio is 48.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. TD Securities reiterated a “hold” rating on shares of Sprott in a research report on Thursday, May 7th. Royal Bank Of Canada upped their price target 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sprott in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sprott currently has an average rating of “Moderate Buy” and a consensus 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.