Robertson Stephens Wealth Management LLC Trims Position in Sprott Inc. $SII

Robertson Stephens Wealth Management LLC cut its position in Sprott Inc. (NYSE:SII) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,552 shares of the company’s stock after selling 15,743 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Sprott were worth $10,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SII. Flagship Harbor Advisors LLC purchased a new position in Sprott during the fourth quarter valued at $34,000. Kohmann Bosshard Financial Services LLC purchased a new position in Sprott during the fourth quarter valued at $59,000. Advisory Services Network LLC purchased a new position in Sprott during the third quarter valued at $74,000. Rialto Wealth Management LLC grew its stake in Sprott by 26.0% during the fourth quarter. Rialto Wealth Management LLC now owns 800 shares of the company’s stock valued at $78,000 after acquiring an additional 165 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in Sprott during the third quarter valued at $83,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Up 0.7%

SII stock opened at $131.29 on Friday. Sprott Inc. has a 52 week low of $50.56 and a 52 week high of $169.63. The company has a fifty day simple moving average of $145.66 and a two-hundred day simple moving average of $116.32. The firm has a market capitalization of $3.38 billion, a P/E ratio of 50.50 and a beta of 0.78.

Sprott (NYSE:SII) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.53 by $0.58. Sprott had a net margin of 23.62% and a return on equity of 19.47%. The business had revenue of $61.70 million during the quarter, compared to analyst estimates of $69.12 million.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Monday, March 2nd were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.2%. Sprott’s dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of Sprott from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 20th. Wall Street Zen cut shares of Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, TD Securities reaffirmed a “hold” rating on shares of Sprott in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Sprott presently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

About Sprott

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.