Plus Group Wealth Advisors LLC Makes New $490,000 Investment in Sprott Inc. $SII

Plus Group Wealth Advisors LLC bought a new position in shares of Sprott Inc. (NYSE:SII) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 5,000 shares of the company’s stock, valued at approximately $490,000. Sprott makes up about 0.5% of Plus Group Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Swiss Life Asset Management Ltd purchased a new stake in shares of Sprott during the 4th quarter worth $277,000. MGO One Seven LLC boosted its position in shares of Sprott by 2.5% during the 4th quarter. MGO One Seven LLC now owns 8,190 shares of the company’s stock worth $802,000 after purchasing an additional 200 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Sprott during the 4th quarter worth $207,000. Intact Investment Management Inc. boosted its position in shares of Sprott by 62.1% during the 4th quarter. Intact Investment Management Inc. now owns 78,800 shares of the company’s stock worth $7,718,000 after purchasing an additional 30,200 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott during the 4th quarter worth $59,000. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Down 5.4%

Sprott stock opened at $128.91 on Friday. Sprott Inc. has a 52 week low of $55.22 and a 52 week high of $169.63. The firm’s 50-day simple moving average is $142.24 and its 200 day simple moving average is $120.05. The firm has a market capitalization of $3.32 billion, a PE ratio of 39.42 and a beta of 0.78.

Sprott (NYSE:SII) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.93 by $0.20. Sprott had a net margin of 21.99% and a return on equity of 23.54%. The business had revenue of $80.75 million for the quarter, compared to analyst estimates of $78.06 million.

Sprott Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be given a $0.40 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Sprott’s payout ratio is currently 48.93%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SII shares. Royal Bank Of Canada boosted their target price on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, TD Securities restated a “hold” rating on shares of Sprott in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Sprott currently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

About Sprott

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.