Caprock Group LLC Invests $1.09 Million in Sprott Inc. $SII

Caprock Group LLC bought a new stake in shares of Sprott Inc. (NYSE:SII) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,135 shares of the company’s stock, valued at approximately $1,093,000. Caprock Group LLC owned approximately 0.05% of Sprott at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SII. Mawer Investment Management Ltd. lifted its position in shares of Sprott by 74.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,269,829 shares of the company’s stock valued at $105,637,000 after acquiring an additional 539,940 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Sprott during the third quarter worth approximately $968,000. Quantbot Technologies LP acquired a new position in Sprott in the 2nd quarter valued at $782,000. Intact Investment Management Inc. lifted its holdings in Sprott by 81.3% in the 3rd quarter. Intact Investment Management Inc. now owns 48,600 shares of the company’s stock valued at $4,040,000 after purchasing an additional 21,800 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in Sprott by 7.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 212,898 shares of the company’s stock valued at $14,709,000 after purchasing an additional 13,983 shares in the last quarter. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sprott in a research report on Monday, December 29th. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada assumed coverage on shares of Sprott in a research note on Wednesday, December 10th. They issued a “sector perform” rating and a $132.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

Sprott Trading Up 4.0%

Shares of SII stock opened at $123.00 on Monday. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $143.00. The company’s 50-day moving average price is $110.33 and its 200-day moving average price is $89.32. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 63.07 and a beta of 1.02.

Sprott Profile

Sprott Inc is a Toronto‐based alternative asset manager specializing in precious metals, real assets and related investment vehicles. Founded in 1981 by Eric Sprott, the firm has built a reputation for offering physically backed bullion trusts, exchange‐traded funds (ETFs), mutual funds and private managed accounts that provide exposure to gold, silver, platinum and other hard assets. Sprott’s product lineup also includes royalty and streaming strategies, which grant investors long‐term participation in mining project cash flows without direct operational risk.

In addition to its flagship physical bullion trusts, Sprott offers actively managed equity portfolios that focus on companies engaged in the exploration, development and production of precious metals.