Connor Clark & Lunn Investment Management Ltd. Buys 363,400 Shares of Sprott Inc. $SII

Connor Clark & Lunn Investment Management Ltd. lifted its position in Sprott Inc. (NYSE:SII) by 5,047.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 370,600 shares of the company’s stock after purchasing an additional 363,400 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.44% of Sprott worth $25,634,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in shares of Sprott in the first quarter valued at about $247,000. Global Alpha Capital Management Ltd. increased its position in Sprott by 41.0% during 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. Public Employees Retirement System of Ohio increased its position in Sprott by 29.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,236 shares of the company’s stock valued at $913,000 after purchasing an additional 3,041 shares during the period. Raymond James Financial Inc. lifted its position in shares of Sprott by 8.7% in the 1st quarter. Raymond James Financial Inc. now owns 65,247 shares of the company’s stock worth $2,928,000 after purchasing an additional 5,220 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Sprott by 17.8% in the 1st quarter. Baird Financial Group Inc. now owns 57,062 shares of the company’s stock worth $2,560,000 after purchasing an additional 8,636 shares during the period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SII has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a report on Wednesday, October 8th. TD Securities downgraded Sprott from a “buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Three equities research 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 stock currently has a consensus rating of “Moderate Buy”.

Sprott Stock Up 7.2%

Shares of SII opened at $90.21 on Monday. The company has a 50 day moving average of $78.84 and a two-hundred day moving average of $68.85. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $90.46. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 46.26 and a beta of 0.95.

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

Sprott Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, November 17th. This is a positive change from Sprott’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.8%. Sprott’s payout ratio is presently 61.54%.

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.