UBS Group AG Has $2.29 Million Stake in Sprott Inc. $SII

UBS Group AG trimmed its stake in shares of Sprott Inc. (NYSE:SII) by 54.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,428 shares of the company’s stock after selling 28,058 shares during the period. UBS Group AG’s holdings in Sprott were worth $2,294,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Sprott Inc. lifted its position in shares of Sprott by 3.7% during the third quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock worth $136,896,000 after purchasing an additional 59,101 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Sprott by 74.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock worth $105,637,000 after purchasing an additional 539,940 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Sprott by 99.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock worth $61,466,000 after purchasing an additional 369,100 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Sprott by 82.3% during the fourth quarter. Vanguard Group Inc. now owns 573,923 shares of the company’s stock worth $56,215,000 after purchasing an additional 259,112 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Sprott by 98.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 488,978 shares of the company’s stock worth $40,660,000 after purchasing an additional 242,021 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sprott Price Performance

Shares of NYSE SII opened at $127.94 on Thursday. The company’s 50 day simple moving average is $137.22 and its 200 day simple moving average is $122.83. Sprott Inc. has a fifty-two week low of $57.26 and a fifty-two week high of $169.63. The firm has a market capitalization of $3.30 billion, a P/E ratio of 39.12 and a beta of 0.78.

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

Sprott Announces Dividend

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

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.