Public Employees Retirement System of Ohio Acquires Shares of 5,201 Sprott Inc. $SII

Public Employees Retirement System of Ohio acquired a new stake in Sprott Inc. (NYSE:SII) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,201 shares of the company’s stock, valued at approximately $588,000.

A number of other hedge funds have also modified their holdings of the business. Cumberland Partners Ltd increased its holdings in shares of Sprott by 0.4% in the 4th quarter. Cumberland Partners Ltd now owns 32,300 shares of the company’s stock valued at $3,167,000 after acquiring an additional 120 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Sprott by 63.8% in 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 during the last quarter. EverSource Wealth Advisors LLC raised its position in Sprott by 63.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock valued at $57,000 after purchasing an additional 155 shares during the last quarter. Mariner LLC boosted its stake in Sprott by 2.8% during the 4th quarter. Mariner LLC now owns 6,950 shares of the company’s stock worth $681,000 after purchasing an additional 192 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Sprott by 1.5% during 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 period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Price Performance

Sprott stock opened at $126.19 on Friday. Sprott Inc. has a 12 month low of $68.96 and a 12 month high of $169.63. The business has a 50 day simple moving average of $117.21 and a 200-day simple moving average of $129.64. The stock has a market capitalization of $3.24 billion, a PE ratio of 30.93 and a beta of 0.88.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). Sprott had a net margin of 26.36% and a return on equity of 28.40%. The firm had revenue of $71.78 million during the quarter, compared to analysts’ expectations of $82.45 million. During the same quarter last year, the business earned $0.52 earnings per share.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 17th. Sprott’s dividend payout ratio (DPR) is 39.22%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Sprott from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of Sprott from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, TD Securities reiterated a “hold” rating on shares of Sprott in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Sprott currently has a consensus 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.