Jacobs Asset Management LLC Cuts Stake in Sprott Inc. $SII

Jacobs Asset Management LLC lessened its stake in Sprott Inc. (NYSE:SII) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,027 shares of the company’s stock after selling 5,440 shares during the quarter. Sprott accounts for about 13.7% of Jacobs Asset Management LLC’s investment portfolio, making the stock its biggest holding. Jacobs Asset Management LLC owned about 0.62% of Sprott worth $22,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in Sprott in the 4th quarter valued at $34,000. Caitong International Asset Management Co. Ltd increased its holdings in Sprott by 63.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after purchasing an additional 150 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott in the 4th quarter valued at about $59,000. Advisory Services Network LLC acquired a new stake in shares of Sprott in the 3rd quarter valued at about $74,000. Finally, Employees Retirement System of Texas bought a new stake in shares of Sprott in the fourth quarter valued at about $142,000. Institutional investors own 28.30% of the company’s stock.

Analysts Set New Price Targets

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

Sprott Price Performance

Sprott stock opened at $103.02 on Friday. The firm has a 50-day moving average of $117.63 and a 200-day moving average of $129.39. Sprott Inc. has a one year low of $61.94 and a one year high of $169.63. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 31.50 and a beta of 0.81.

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

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Sprott’s dividend payout ratio (DPR) is currently 48.93%.

About Sprott

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.