Nuveen LLC Makes New Investment in Sprott Inc. $SII

Nuveen LLC bought a new position in shares of Sprott Inc. (NYSE:SII) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 62,695 shares of the company’s stock, valued at approximately $2,808,000. Nuveen LLC owned 0.24% of Sprott as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Alpha Capital Management Ltd. raised its stake in shares of Sprott by 41.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 602,308 shares of the company’s stock valued at $26,988,000 after purchasing an additional 175,200 shares during the period. Millennium Management LLC raised its stake in shares of Sprott by 2,580.1% in the 4th 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 period. Bastion Asset Management Inc. acquired a new stake in shares of Sprott in the 1st quarter valued at about $4,221,000. Bank of America Corp DE raised its stake in shares of Sprott by 94.1% in the 4th 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 period. Finally, Two Sigma Investments LP raised its stake in shares of Sprott by 116.3% in the 4th quarter. Two Sigma Investments LP now owns 81,506 shares of the company’s stock valued at $3,437,000 after purchasing an additional 43,821 shares during the period. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Trading Up 0.4%

Shares of SII opened at $65.03 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 33.69 and a beta of 1.04. Sprott Inc. has a 1-year low of $38.44 and a 1-year high of $77.16. The company’s fifty day simple moving average is $68.15 and its 200 day simple moving average is $56.34.

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

Sprott Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About Sprott

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.