Van Berkom & Associates Inc. Makes New $642,000 Investment in Sprott Inc. $SII

Van Berkom & Associates Inc. acquired a new stake in shares of Sprott Inc. (NYSE:SII) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,364 shares of the company’s stock, valued at approximately $642,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SII. CWA Asset Management Group LLC increased its holdings in shares of Sprott by 61.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 142,755 shares of the company’s stock worth $17,042,000 after buying an additional 54,416 shares during the last quarter. Bank of America Corp DE raised its position in shares of Sprott by 121.7% during the 1st quarter. Bank of America Corp DE now owns 134,756 shares of the company’s stock valued at $19,257,000 after buying an additional 73,982 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of 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. Copeland Capital Management LLC lifted its holdings in shares of Sprott by 255,707.1% in the 3rd quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock valued at $34,203,000 after acquiring an additional 286,392 shares during the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Sprott in the 1st quarter valued at about $17,068,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Up 2.5%

Shares of SII opened at $116.78 on Tuesday. The company has a market cap of $3.00 billion, a PE ratio of 26.36 and a beta of 0.96. The business has a fifty day moving average of $117.83 and a 200 day moving average of $126.41. Sprott Inc. has a 52-week low of $80.53 and a 52-week high of $169.63.

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

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a $0.50 dividend. This is a boost from Sprott’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.7%. Sprott’s dividend payout ratio (DPR) is 36.12%.

Wall Street Analyst Weigh In

SII has been the subject of several recent research reports. Wall Street Zen lowered Sprott from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Sprott from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, TD Securities restated a “hold” rating on shares of Sprott in a research report on Thursday, August 6th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Sprott Company 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.