Swiss National Bank Sells 300 Shares of Sprott Inc. $SII

Swiss National Bank lessened its stake in Sprott Inc. (NYSE:SII) by 0.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,175 shares of the company’s stock after selling 300 shares during the quarter. Swiss National Bank owned about 0.16% of Sprott worth $1,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. bought a new stake in Sprott in the fourth quarter valued at about $7,039,000. Millennium Management LLC increased its holdings in Sprott by 2,580.1% in the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company’s stock valued at $6,709,000 after purchasing an additional 153,233 shares during the last quarter. Bank of America Corp DE increased its holdings in Sprott by 94.1% in the fourth quarter. Bank of America Corp DE now owns 139,642 shares of the company’s stock valued at $5,889,000 after purchasing an additional 67,689 shares during the last quarter. Bastion Asset Management Inc. bought a new stake in shares of Sprott in the first quarter worth about $4,221,000. Finally, Regal Partners Ltd increased its holdings in shares of Sprott by 34.0% in the fourth quarter. Regal Partners Ltd now owns 88,944 shares of the company’s stock worth $3,751,000 after acquiring an additional 22,566 shares in the last quarter. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

SII stock opened at $65.32 on Friday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 33.84 and a beta of 1.04. The business has a 50-day moving average of $68.15 and a 200-day moving average of $55.84. Sprott Inc. has a fifty-two week low of $38.44 and a fifty-two week high of $77.16.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.14. The company had revenue of $41.97 million during the quarter, compared to analysts’ expectations of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 18th. Sprott’s dividend payout ratio is currently 62.18%.

Analyst Ratings Changes

Separately, TD Securities downgraded Sprott from a “buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.