TD Asset Management Inc Boosts Holdings in Sprott Inc. $SII

TD Asset Management Inc grew its position in Sprott Inc. (NYSE:SII) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,894 shares of the company’s stock after buying an additional 3,358 shares during the period. TD Asset Management Inc owned 0.24% of Sprott worth $4,270,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Intact Investment Management Inc. boosted its position in shares of 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 purchasing an additional 12,900 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Sprott in the 1st quarter valued at $247,000. Harbour Capital Advisors LLC acquired a new stake in shares of Sprott in the 1st quarter valued at $446,000. Global Alpha Capital Management Ltd. raised its holdings in shares of Sprott by 41.0% in 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 in the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new stake in Sprott during the 1st quarter worth $1,409,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Sprott Trading Up 1.3%

Shares of SII opened at $85.75 on Tuesday. The stock has a market cap of $2.21 billion, a P/E ratio of 44.43 and a beta of 0.99. The company has a 50-day moving average of $73.85 and a two-hundred day moving average of $65.24. Sprott Inc. has a 12-month low of $39.33 and a 12-month high of $89.58.

Sprott (NYSE:SII) last announced its earnings results on Wednesday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $41.97 million during the quarter, compared to analysts’ expectations of $44.66 million. Sprott had a net margin of 25.21% and a return on equity of 15.04%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. Sprott’s dividend payout ratio is presently 62.18%.

Analyst Upgrades and Downgrades

SII has been the topic of several research analyst reports. TD Securities lowered shares of Sprott from a “buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sprott in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Sprott presently has an average rating of “Moderate Buy”.

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.