Vanguard Group Inc. Has $56.22 Million Stock Holdings in Sprott Inc. $SII

Vanguard Group Inc. raised its stake in shares of Sprott Inc. (NYSE:SII) by 82.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 573,923 shares of the company’s stock after purchasing an additional 259,112 shares during the period. Vanguard Group Inc. owned 2.23% of Sprott worth $56,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Sprott during the fourth quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new position in Sprott during the third quarter valued at approximately $74,000. 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. Aquatic Capital Management LLC acquired a new stake in shares of Sprott in the third quarter worth $178,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Sprott by 87.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,869 shares of the company’s stock worth $183,000 after acquiring an additional 874 shares during the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Down 5.4%

Shares of Sprott stock opened at $128.91 on Friday. The company’s fifty day simple moving average is $142.24 and its 200-day simple moving average is $120.05. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 39.42 and a beta of 0.78. Sprott Inc. has a 1 year low of $55.22 and a 1 year high of $169.63.

Sprott (NYSE:SII) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, topping 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th will be paid 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 currently 48.93%.

Analyst Upgrades and Downgrades

SII has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Securities restated a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada raised their price objective on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.00.

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.