Sapient Capital LLC Increases Position in Sprott Inc. $SII

Sapient Capital LLC increased its position in shares of Sprott Inc. (NYSE:SII) by 1,943.4% during the first quarter, Holdings Channel reports. The fund owned 46,262 shares of the company’s stock after acquiring an additional 43,998 shares during the quarter. Sapient Capital LLC’s holdings in Sprott were worth $6,578,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SII. Flagship Harbor Advisors LLC purchased a new stake in Sprott in the 4th quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Sprott by 63.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Sprott by 63.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock worth $57,000 after purchasing an additional 155 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott during the fourth quarter worth $59,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Sprott during the third quarter worth $74,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Performance

Shares of SII stock opened at $102.92 on Monday. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 31.47 and a beta of 0.81. Sprott Inc. has a one year low of $61.94 and a one year high of $169.63. The company has a 50 day moving average price of $115.46 and a 200 day moving average price of $129.53.

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

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Sprott’s dividend payout ratio (DPR) is 48.93%.

Wall Street Analyst Weigh In

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

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.