Pin Oak Investment Advisors Inc. Buys Shares of 5,266 Sprott Inc. $SII

Pin Oak Investment Advisors Inc. purchased a new position in Sprott Inc. (NYSE:SII) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,266 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors have also modified their holdings of SII. Public Employees Retirement System of Ohio acquired a new position in Sprott in the second quarter valued at approximately $588,000. Ancora Advisors LLC acquired a new stake in Sprott in the second quarter worth $33,000. Plato Investment Management Ltd acquired a new position in shares of Sprott during the second quarter valued at $46,000. Baron Wealth Management LLC grew its position in shares of Sprott by 37.4% during the second quarter. Baron Wealth Management LLC now owns 2,796 shares of the company’s stock worth $314,000 after acquiring an additional 761 shares during the last quarter. Finally, Grove Bank & Trust acquired a new position in shares of Sprott in the second quarter worth about $56,000. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SII has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price target on Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings cut Sprott from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Wall Street Zen lowered Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, TD Securities reaffirmed a “hold” rating on shares of Sprott in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

Sprott Trading Down 2.4%

SII opened at $133.11 on Friday. Sprott Inc. has a 1-year low of $64.55 and a 1-year high of $169.63. The stock has a market capitalization of $3.42 billion, a PE ratio of 32.63 and a beta of 0.83. The firm has a 50-day moving average price of $114.16 and a two-hundred day moving average price of $129.37.

Sprott (NYSE:SII) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). Sprott had a net margin of 26.36% and a return on equity of 28.40%. The company had revenue of $71.78 million during the quarter, compared to analyst estimates of $82.45 million. During the same period in the prior year, the business earned $0.52 EPS.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 17th. Sprott’s dividend payout ratio is 39.22%.

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.