Ameritas Advisory Services LLC Acquires New Stake in Sprott Inc. $SII

Ameritas Advisory Services LLC acquired a new stake in Sprott Inc. (NYSE:SII) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,076 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc purchased a new position in Sprott in the 1st quarter valued at $35,000. Kathmere Capital Management LLC purchased a new stake in Sprott during the second quarter worth about $211,000. Y Intercept Hong Kong Ltd acquired a new position in Sprott during the first quarter worth about $247,000. Fidelis Capital Partners LLC purchased a new position in Sprott in the first quarter valued at about $247,000. Finally, Essex Financial Services Inc. lifted its position in shares of Sprott by 9.2% during the 1st quarter. Essex Financial Services Inc. now owns 5,678 shares of the company’s stock valued at $255,000 after acquiring an additional 477 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SII shares. TD Securities cut Sprott from a “buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sprott currently has a consensus rating of “Moderate Buy”.

Sprott Trading Up 0.1%

Shares of SII stock opened at $82.88 on Friday. The firm has a 50-day moving average price of $71.64 and a 200 day moving average price of $63.34. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $89.58. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 42.94 and a beta of 0.99.

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

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a yield of 1.4%. Sprott’s payout ratio is presently 62.18%.

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.