Sprott Inc. $SII Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC trimmed its holdings in Sprott Inc. (NYSE:SII) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,467 shares of the company’s stock after selling 34,533 shares during the quarter. Sprott accounts for about 9.0% of Jacobs Asset Management LLC’s portfolio, making the stock its biggest holding. Jacobs Asset Management LLC owned 0.64% of Sprott worth $16,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jupiter Asset Management Ltd. acquired a new position in shares of Sprott in the 3rd quarter valued at about $711,000. Picton Mahoney Asset Management grew its stake in shares of Sprott by 45.8% in the 3rd quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company’s stock valued at $22,894,000 after buying an additional 86,525 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Sprott by 99.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock worth $61,466,000 after purchasing an additional 369,100 shares during the period. Spark Investment Management LLC bought a new stake in Sprott during the third quarter worth approximately $665,000. Finally, CWA Asset Management Group LLC boosted its position in Sprott by 58.2% during the fourth quarter. CWA Asset Management Group LLC now owns 71,604 shares of the company’s stock worth $7,011,000 after purchasing an additional 26,341 shares during the period. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Up 2.5%

SII stock opened at $118.69 on Friday. The firm has a market capitalization of $3.06 billion, a PE ratio of 36.30 and a beta of 0.76. Sprott Inc. has a 1-year low of $61.94 and a 1-year high of $169.63. The business’s 50 day simple moving average is $133.66 and its 200 day simple moving average is $125.65.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.20. The firm had revenue of $80.75 million for the quarter, compared to analyst estimates of $78.06 million. Sprott had a return on equity of 23.54% and a net margin of 21.99%.

Sprott Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. Sprott’s dividend payout ratio (DPR) is 48.93%.

Wall Street Analyst Weigh In

SII has been the subject of several research reports. Royal Bank Of Canada increased their price objective on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Securities reiterated a “hold” rating on shares of Sprott in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sprott in a research note 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, the company has an average rating of “Moderate Buy” and an average price target of $230.00.

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.