Waratah Capital Advisors Ltd. Sells 241,571 Shares of Sprott Inc. $SII

Waratah Capital Advisors Ltd. lowered its holdings in shares of Sprott Inc. (NYSE:SII) by 60.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,853 shares of the company’s stock after selling 241,571 shares during the quarter. Waratah Capital Advisors Ltd. owned about 0.61% of Sprott worth $10,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SII. Allworth Financial LP acquired a new stake in Sprott during the 2nd quarter worth approximately $28,000. Tacita Capital Inc acquired a new position in shares of Sprott during the first quarter valued at about $35,000. Ameritas Advisory Services LLC acquired a new position in Sprott in the 2nd quarter valued at approximately $74,000. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in Sprott by 34.1% in the second quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,599 shares of the company’s stock valued at $110,000 after purchasing an additional 407 shares during the period. Finally, Kathmere Capital Management LLC bought a new stake in shares of Sprott in the 2nd quarter valued at about $211,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Price Performance

Shares of SII stock opened at $88.01 on Friday. Sprott Inc. has a one year low of $39.33 and a one year high of $94.82. The firm has a 50-day moving average of $81.24 and a 200-day moving average of $70.08. The company has a market cap of $2.27 billion, a P/E ratio of 45.13 and a beta of 0.95.

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

Sprott Increases Dividend

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

Analysts Set New Price Targets

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

Sprott Profile

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.