O Shaughnessy Asset Management LLC Increases Stock Position in Sprott Inc. $SII

O Shaughnessy Asset Management LLC raised its holdings in Sprott Inc. (NYSE:SII) by 39.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,482 shares of the company’s stock after purchasing an additional 22,857 shares during the period. O Shaughnessy Asset Management LLC owned 0.31% of Sprott worth $7,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sprott Inc. lifted its stake in shares of Sprott by 3.7% during the third quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock valued at $136,896,000 after buying an additional 59,101 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of Sprott by 19.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,515,002 shares of the company’s stock valued at $148,349,000 after buying an additional 245,173 shares during the period. Capital Research Global Investors lifted its stake in shares of Sprott by 88.1% during the fourth quarter. Capital Research Global Investors now owns 991,339 shares of the company’s stock valued at $97,101,000 after buying an additional 464,177 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 valued at $61,466,000 after buying an additional 369,100 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Sprott by 82.3% during the fourth quarter. Vanguard Group Inc. now owns 573,923 shares of the company’s stock valued at $56,215,000 after buying an additional 259,112 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Stock Performance

Shares of SII stock opened at $112.82 on Thursday. Sprott Inc. has a one year low of $61.80 and a one year high of $169.63. The company has a 50 day moving average price of $134.75 and a 200 day moving average price of $125.45. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 34.50 and a beta of 0.76.

Sprott (NYSE:SII) last issued its quarterly 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 during the quarter, compared to analyst estimates of $78.06 million.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.60 annualized dividend and a yield of 1.4%. Sprott’s dividend payout ratio is 48.93%.

Analyst Ratings Changes

SII has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Securities reissued a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $230.00.

About Sprott

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.