Sprott Inc. $SII Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC trimmed its stake in shares of Sprott Inc. (NYSE:SII) by 16.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,562 shares of the company’s stock after selling 4,065 shares during the quarter. Evergreen Capital Management LLC’s holdings in Sprott were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Man Group plc acquired a new stake in Sprott during the 4th quarter worth approximately $484,000. Intact Investment Management Inc. lifted its position in Sprott by 92.8% during the 1st quarter. Intact Investment Management Inc. now owns 26,800 shares of the company’s stock worth $1,201,000 after acquiring an additional 12,900 shares during the period. Millennium Management LLC lifted its position in Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company’s stock worth $6,709,000 after acquiring an additional 153,233 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Sprott during the 1st quarter worth approximately $247,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Sprott in the 1st quarter valued at approximately $446,000. 28.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sprott Price Performance

SII opened at $65.90 on Friday. The business has a 50 day simple moving average of $68.16 and a 200-day simple moving average of $56.59. The stock has a market capitalization of $1.70 billion, a P/E ratio of 34.14 and a beta of 1.04. Sprott Inc. has a 12 month low of $38.44 and a 12 month high of $77.16.

Sprott (NYSE:SII) last released its quarterly earnings data 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 return on equity of 15.04% and a net margin of 25.21%.The firm had revenue of $41.97 million during the quarter, compared to the consensus estimate of $44.66 million.

Sprott Dividend Announcement

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

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.