North Star Investment Management Corp. Sells 5,988 Shares of Sprott Inc. $SII

North Star Investment Management Corp. reduced its position in Sprott Inc. (NYSE:SII) by 8.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,258 shares of the company’s stock after selling 5,988 shares during the quarter. North Star Investment Management Corp. owned 0.25% of Sprott worth $9,183,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SII. Flagship Harbor Advisors LLC purchased a new stake in Sprott in the fourth quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Sprott by 63.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after acquiring an additional 150 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott during the fourth quarter worth approximately $59,000. Advisory Services Network LLC purchased a new position in shares of Sprott during the third quarter worth approximately $74,000. Finally, Rialto Wealth Management LLC lifted its holdings in shares of Sprott by 26.0% in the 4th quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock worth $78,000 after acquiring an additional 165 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SII has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a research note 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 raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada upped their price target on shares of Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Price Performance

Shares of Sprott stock opened at $112.37 on Monday. Sprott Inc. has a one year low of $61.94 and a one year high of $169.63. The business’s 50 day simple moving average is $128.66 and its two-hundred day simple moving average is $127.91. The stock has a market capitalization of $2.90 billion, a P/E ratio of 34.36 and a beta of 0.76.

Sprott (NYSE:SII) last released its quarterly earnings data 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. Sprott had a return on equity of 23.54% and a net margin of 21.99%.The firm had revenue of $80.75 million during the quarter, compared to analyst estimates of $78.06 million.

Sprott Announces Dividend

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

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.