CWA Asset Management Group LLC Has $7.01 Million Position in Sprott Inc. $SII

CWA Asset Management Group LLC boosted its position in Sprott Inc. (NYSE:SII) by 58.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,604 shares of the company’s stock after purchasing an additional 26,341 shares during the quarter. CWA Asset Management Group LLC’s holdings in Sprott were worth $7,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of Sprott during the second quarter worth $28,000. Advisory Services Network LLC acquired a new position in shares of Sprott in the third quarter valued at about $74,000. Farther Finance Advisors LLC bought a new position in Sprott during the third quarter worth about $83,000. Pacifica Partners Inc. acquired a new stake in Sprott in the 3rd quarter worth about $98,000. Finally, Aquatic Capital Management LLC acquired a new stake in Sprott in the 3rd quarter worth about $178,000. 28.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Sprott in a research report on Monday, December 29th. TD Securities reiterated a “hold” rating on shares of Sprott in a research report on Friday, February 20th. Royal Bank Of Canada upgraded Sprott from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 20th. Finally, Wall Street Zen raised Sprott from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.00.

Sprott Stock Down 1.7%

SII opened at $134.46 on Friday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 51.71 and a beta of 0.94. Sprott Inc. has a twelve month low of $39.33 and a twelve month high of $169.63. The company has a 50-day simple moving average of $136.29 and a 200 day simple moving average of $103.71.

Sprott (NYSE:SII) last released its earnings results on Thursday, February 19th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.53 by $0.58. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $69.12 million. Sprott had a net margin of 23.62% and a return on equity of 19.47%.

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Monday, March 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 2nd. Sprott’s dividend payout ratio (DPR) is 61.54%.

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.