198,520 Sprott Inc. $SII Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its holdings in shares of Sprott Inc. (NYSE:SII) by 15.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,122,186 shares of the company’s stock after selling 198,520 shares during the period. Sprott makes up approximately 1.0% of Mawer Investment Management Ltd.’s holdings, making the stock its 26th largest position. Mawer Investment Management Ltd. owned approximately 4.36% of Sprott worth $133,967,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. CWA Asset Management Group LLC grew its stake in shares of Sprott by 61.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 142,755 shares of the company’s stock worth $17,042,000 after buying an additional 54,416 shares during the last quarter. Bank of America Corp DE raised its stake in Sprott by 121.7% during the first quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock valued at $19,257,000 after buying an additional 73,982 shares during the last quarter. Royal Bank of Canada raised its stake in Sprott by 29.4% during the first quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock valued at $28,355,000 after buying an additional 45,120 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Sprott by 255,707.1% in the third quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock worth $34,203,000 after acquiring an additional 286,392 shares in the last quarter. Finally, WCM Investment Management LLC bought a new stake in Sprott in the first quarter worth $17,068,000. 28.30% of the stock is owned by institutional investors.

Sprott Stock Performance

Shares of NYSE:SII traded down $0.55 during trading on Friday, reaching $106.95. 98,809 shares of the stock traded hands, compared to its average volume of 132,840. The stock has a 50-day moving average of $116.35 and a two-hundred day moving average of $125.99. Sprott Inc. has a 52-week low of $80.53 and a 52-week high of $169.63. The stock has a market cap of $2.75 billion, a P/E ratio of 24.14 and a beta of 0.96.

Sprott (NYSE:SII) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.17). Sprott had a net margin of 27.87% and a return on equity of 29.66%. The firm had revenue of $66.88 million for the quarter, compared to the consensus estimate of $72.67 million.

Sprott Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Sprott’s previous quarterly dividend of $0.40. Sprott’s dividend payout ratio is 36.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Sprott presently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

About Sprott

Sprott Inc. is an alternative asset manager focused on precious metals and other natural resources. Through its asset-management businesses, the company offers investment strategies and products for individual and institutional investors. Its offerings include physical bullion trusts and exchange-traded funds, as well as managed accounts and private investment strategies. Sprott’s resource-focused investments include precious metals and materials used in the energy transition. Headquartered in Toronto, Sprott serves investors in North America and other markets through its investment products and services.