Arrowstreet Capital Limited Partnership Increases Stock Holdings in Sprott Inc. $SII

Arrowstreet Capital Limited Partnership raised its stake in shares of Sprott Inc. (NYSE:SII) by 67.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,957 shares of the company’s stock after purchasing an additional 99,841 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.96% of Sprott worth $17,074,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Sprott in the 2nd quarter worth about $782,000. Norges Bank purchased a new stake in Sprott in the second quarter worth about $40,161,000. Northwest & Ethical Investments L.P. purchased a new stake in Sprott in the second quarter worth about $795,000. Horizon Kinetics Asset Management LLC boosted its position in Sprott by 7.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 212,898 shares of the company’s stock valued at $14,709,000 after acquiring an additional 13,983 shares in the last quarter. Finally, Waterloo Capital L.P. purchased a new position in shares of Sprott during the 2nd quarter worth approximately $278,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research note on Monday, November 24th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Sprott Trading Up 0.9%

Sprott stock opened at $92.18 on Monday. Sprott Inc. has a 12 month low of $39.33 and a 12 month high of $94.82. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 47.27 and a beta of 1.00. The business’s fifty day simple moving average is $85.90 and its two-hundred day simple moving average is $73.77.

Sprott (NYSE:SII) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $49.18 million during the quarter, compared to the consensus estimate of $49.71 million. Sprott had a return on equity of 15.01% and a net margin of 23.26%.

Sprott Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.7%. This is a boost from Sprott’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, November 17th. Sprott’s dividend payout ratio is presently 82.05%.

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.