8,475 Shares in Sprott Inc. $SII Bought by Sage Investment Advisers LLC

Sage Investment Advisers LLC purchased a new position in shares of Sprott Inc. (NYSE:SII) during the fourth quarter, Holdings Channel.com reports. The fund purchased 8,475 shares of the company’s stock, valued at approximately $830,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in Sprott during the fourth quarter worth $34,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Sprott during the fourth quarter worth $59,000. Advisory Services Network LLC purchased a new stake in Sprott during the third quarter worth $74,000. Rialto Wealth Management LLC boosted its holdings in Sprott by 26.0% during the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock worth $78,000 after buying an additional 165 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in Sprott during the fourth quarter worth $142,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sprott Stock Up 0.3%

SII opened at $131.41 on Monday. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 40.19 and a beta of 0.76. Sprott Inc. has a 52-week low of $57.26 and a 52-week high of $169.63. The firm’s fifty day simple moving average is $136.50 and its two-hundred day simple moving average is $123.37.

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 the consensus estimate of $0.93 by $0.20. The business had revenue of $80.75 million for the quarter, compared to the consensus estimate of $78.06 million. Sprott had a net margin of 21.99% and a return on equity of 23.54%.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, May 19th. Sprott’s dividend payout ratio is 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.