Hillsdale Investment Management Inc. Acquires 9,079 Shares of Sprott Inc. $SII

Hillsdale Investment Management Inc. lifted its holdings in shares of Sprott Inc. (NYSE:SII) by 154.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,967 shares of the company’s stock after acquiring an additional 9,079 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.06% of Sprott worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cumberland Partners Ltd grew its stake in Sprott by 0.4% in the fourth quarter. Cumberland Partners Ltd now owns 32,300 shares of the company’s stock worth $3,167,000 after purchasing an additional 120 shares during the period. Rialto Wealth Management LLC grew its stake in shares of Sprott by 26.0% in the fourth 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. Kathmere Capital Management LLC boosted its position in shares of Sprott by 5.3% during the fourth quarter. Kathmere Capital Management LLC now owns 3,458 shares of the company’s stock valued at $339,000 after buying an additional 174 shares during the last quarter. MGO One Seven LLC boosted its position in shares of Sprott by 2.5% during the fourth quarter. MGO One Seven LLC now owns 8,190 shares of the company’s stock valued at $802,000 after buying an additional 200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Sprott by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock valued at $1,056,000 after buying an additional 225 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Thursday, May 7th. Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada boosted their price target on Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $230.00.

Sprott Stock Performance

NYSE SII opened at $131.41 on Monday. The business’s 50 day moving average price is $136.50 and its 200-day moving average price is $123.37. Sprott Inc. has a fifty-two week low of $57.26 and a fifty-two week high of $169.63. The company has a market cap of $3.39 billion, a P/E ratio of 40.19 and a beta of 0.76.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) 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 company had revenue of $80.75 million during the quarter, compared to analysts’ expectations 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 dividend of $0.40 per share. The ex-dividend date is Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Sprott’s payout ratio is presently 48.93%.

Sprott Company 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.