Sage Investment Advisers LLC Purchases Shares of 8,475 Sprott Inc. $SII

Sage Investment Advisers LLC purchased a new stake in shares of Sprott Inc. (NYSE:SII) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,475 shares of the company’s stock, valued at approximately $830,000.

Other hedge funds have also bought and sold shares of the company. Mawer Investment Management Ltd. increased its stake in Sprott by 74.0% during the 3rd 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 in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Sprott during the 3rd quarter valued at approximately $711,000. Picton Mahoney Asset Management increased its stake in Sprott by 45.8% during the 3rd quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company’s stock valued at $22,894,000 after purchasing an additional 86,525 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Sprott by 99.6% during the 3rd 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 in the last quarter. Finally, Spark Investment Management LLC acquired a new position in Sprott during the 3rd quarter valued at approximately $665,000. Institutional investors and hedge funds own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sprott Price Performance

NYSE:SII opened at $131.41 on Monday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 40.19 and a beta of 0.76. Sprott Inc. has a 1-year low of $57.26 and a 1-year high of $169.63. The company’s fifty day moving average price is $136.50 and its 200-day moving average price is $123.37.

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

Sprott Announces Dividend

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

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.