Robertson Stephens Wealth Management LLC Sells 5,820 Shares of Sprott Inc. $SII

Robertson Stephens Wealth Management LLC lowered its position in shares of Sprott Inc. (NYSE:SII) by 12.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,564 shares of the company’s stock after selling 5,820 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Sprott were worth $4,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SII. Copeland Capital Management LLC grew its holdings in shares of Sprott by 255,707.1% in the third quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock valued at $34,203,000 after acquiring an additional 286,392 shares in the last quarter. Royal Bank of Canada increased its position in shares of Sprott by 29.4% during the first quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock valued at $28,355,000 after acquiring an additional 45,120 shares during the last quarter. Bank of America Corp DE lifted its holdings in Sprott by 121.7% during the first quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock worth $19,257,000 after acquiring an additional 73,982 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Sprott by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 128,338 shares of the company’s stock worth $18,330,000 after acquiring an additional 9,029 shares during the period. Finally, WCM Investment Management LLC bought a new stake in Sprott during the first quarter worth $17,068,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Performance

NYSE SII opened at $107.75 on Friday. Sprott Inc. has a 52-week low of $78.79 and a 52-week high of $169.63. The company has a 50-day simple moving average of $123.72 and a 200 day simple moving average of $124.09. The company has a market capitalization of $2.77 billion, a PE ratio of 26.41 and a beta of 0.95.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.01). The company had revenue of $71.78 million during the quarter, compared to the consensus estimate of $82.45 million. Sprott had a return on equity of 28.40% and a net margin of 26.36%. During the same period in the prior year, the firm posted $0.52 EPS.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Sprott’s dividend payout ratio is currently 39.22%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SII shares. Wall Street Zen cut Sprott from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Sprott presently has an average rating of “Moderate Buy” and an average price target of $230.00.

Sprott Profile

Sprott Inc (NYSE:SII) is an alternative asset management company focused primarily on precious metals, real assets and specialized investment strategies. Through its subsidiaries and investment platforms, the company manages assets for institutional and individual investors seeking exposure to areas such as gold, silver, uranium, energy-transition materials and other natural resources.

Sprott offers a range of investment products and services, including exchange-listed funds, closed-end funds, physical bullion trusts, private equity and private credit strategies, managed accounts and institutional mandates.