Hillsdale Investment Management Inc. Raises Holdings in Sprott Inc. $SII

Hillsdale Investment Management Inc. increased its stake in shares of Sprott Inc. (NYSE:SII) by 154.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,967 shares of the company’s stock after purchasing an additional 9,079 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Sprott were worth $1,469,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SII. Sprott Inc. increased its position in Sprott by 3.7% during the 3rd quarter. Sprott Inc. now owns 1,645,582 shares of the company’s stock valued at $136,896,000 after buying an additional 59,101 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings 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 purchasing an additional 539,940 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Sprott by 99.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock valued at $61,466,000 after purchasing an additional 369,100 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sprott by 82.3% in the fourth quarter. Vanguard Group Inc. now owns 573,923 shares of the company’s stock worth $56,215,000 after buying an additional 259,112 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Sprott by 98.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 488,978 shares of the company’s stock worth $40,660,000 after buying an additional 242,021 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SII shares. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Securities restated a “hold” rating on shares of Sprott in a research report on Thursday, May 7th. Royal Bank Of Canada increased their price target on Sprott from $218.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sprott presently has an average rating of “Moderate Buy” and an average target price of $230.00.

Sprott Trading Up 0.3%

Shares of NYSE SII opened at $131.41 on Monday. The stock has a market capitalization of $3.39 billion, a PE ratio of 40.19 and a beta of 0.76. The stock has a fifty day simple moving average of $136.50 and a 200-day simple moving average of $123.37. Sprott Inc. has a twelve month low of $57.26 and a twelve month high of $169.63.

Sprott (NYSE:SII) last released its earnings results on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.20. The firm had revenue of $80.75 million during the quarter, compared to analyst estimates of $78.06 million. Sprott had a return on equity of 23.54% and a net margin of 21.99%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Sprott’s payout ratio is 48.93%.

Sprott Company 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.