Uniplan Investment Counsel Inc. Cuts Stock Position in Sprott Inc. (NYSE:SII)

Uniplan Investment Counsel Inc. cut its holdings in shares of Sprott Inc. (NYSE:SII) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 135,613 shares of the company’s stock after selling 1,681 shares during the quarter. Uniplan Investment Counsel Inc.’s holdings in Sprott were worth $5,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in Sprott by 2.3% during the fourth quarter. Stifel Financial Corp now owns 44,118 shares of the company’s stock worth $1,860,000 after buying an additional 972 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sprott by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,767 shares of the company’s stock worth $2,225,000 after purchasing an additional 1,472 shares during the period. Marshall Wace LLP lifted its stake in Sprott by 209.0% in the fourth quarter. Marshall Wace LLP now owns 65,163 shares of the company’s stock valued at $2,748,000 after purchasing an additional 44,073 shares during the last quarter. Clean Energy Transition LLP grew its holdings in Sprott by 110.6% during the fourth quarter. Clean Energy Transition LLP now owns 194,372 shares of the company’s stock valued at $8,197,000 after purchasing an additional 102,064 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Sprott in the fourth quarter worth $2,531,000. 28.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SII shares. BMO Capital Markets assumed coverage on Sprott in a research note on Friday, March 7th. They set an “outperform” rating for the company. Canaccord Genuity Group started coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating on the stock.

Sprott Stock Performance

NYSE:SII opened at $52.91 on Tuesday. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $54.65. The business’s fifty day moving average is $44.18 and its 200 day moving average is $43.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 29.07 and a beta of 1.01.

Sprott (NYSE:SII) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. The company had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were given a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.27%. Sprott’s dividend payout ratio (DPR) is presently 63.16%.

Sprott Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.