Van Berkom & Associates Inc. Buys New Position in Sprott Inc. $SII

Van Berkom & Associates Inc. bought a new stake in shares of Sprott Inc. (NYSE:SII) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,364 shares of the company’s stock, valued at approximately $642,000.

A number of other hedge funds have also recently modified their holdings of SII. Copeland Capital Management LLC lifted its stake in shares of Sprott by 255,707.1% during the 3rd 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 during the last quarter. Royal Bank of Canada grew its position in Sprott by 29.4% in the 1st quarter. Royal Bank of Canada now owns 198,432 shares of the company’s stock valued at $28,355,000 after acquiring an additional 45,120 shares during the last quarter. Bank of America Corp DE grew its position in Sprott by 121.7% in the 1st quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock valued at $19,257,000 after acquiring an additional 73,982 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Sprott by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 128,338 shares of the company’s stock valued at $18,330,000 after acquiring an additional 9,029 shares during the last quarter. Finally, WCM Investment Management LLC bought a new position in Sprott in the 1st quarter valued at $17,068,000. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of SII stock opened at $116.78 on Tuesday. The company has a market capitalization of $3.00 billion, a P/E ratio of 26.36 and a beta of 0.96. The company’s 50-day simple moving average is $117.83 and its two-hundred day simple moving average is $126.41. Sprott Inc. has a one year low of $80.53 and a one year high of $169.63.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, November 4th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.17). Sprott had a return on equity of 30.07% and a net margin of 27.87%. The company had revenue of $66.88 million for the quarter, compared to analysts’ expectations of $72.67 million.

Sprott Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.7%. This is an increase from Sprott’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, November 16th. Sprott’s payout ratio is currently 36.12%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings upgraded Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, TD Securities reissued a “hold” rating on shares of Sprott in a research note on Thursday, August 6th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Profile

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.