Greenfield Seitz Capital Management LLC Has $2.21 Million Holdings in Sprott Inc. $SII

Greenfield Seitz Capital Management LLC trimmed its stake in Sprott Inc. (NYSE:SII) by 36.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,545 shares of the company’s stock after selling 15,469 shares during the quarter. Greenfield Seitz Capital Management LLC owned 0.10% of Sprott worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SII. Sprott Inc. raised its stake in shares of Sprott by 3.7% during the 3rd 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. increased its holdings in Sprott by 74.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock worth $105,637,000 after buying an additional 539,940 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in 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 acquiring an additional 369,100 shares in the last quarter. Norges Bank acquired a new stake in Sprott in the second quarter valued at approximately $40,161,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Sprott by 98.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 488,978 shares of the company’s stock worth $40,660,000 after acquiring an additional 242,021 shares in the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

Shares of SII opened at $149.76 on Wednesday. The company has a 50-day simple moving average of $134.21 and a 200-day simple moving average of $102.70. Sprott Inc. has a 52 week low of $39.33 and a 52 week high of $169.63. The firm has a market capitalization of $3.86 billion, a P/E ratio of 57.60 and a beta of 0.94.

Sprott (NYSE:SII) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.58. Sprott had a net margin of 23.62% and a return on equity of 19.47%. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $69.12 million.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Monday, March 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, March 2nd. Sprott’s dividend payout ratio is presently 61.54%.

Analysts Set New Price Targets

Several research firms recently issued reports on SII. Wall Street Zen raised shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Sprott in a research report on Monday, December 29th. Royal Bank Of Canada upgraded Sprott from a “sector perform” rating to an “outperform” rating in a report on Friday, February 20th. Finally, TD Securities reiterated a “hold” rating on shares of Sprott in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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.