Sprott Inc. $SII Shares Sold by Regal Partners Ltd

Regal Partners Ltd cut its stake in Sprott Inc. (NYSE:SII) by 19.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,862 shares of the company’s stock after selling 19,945 shares during the period. Regal Partners Ltd’s holdings in Sprott were worth $11,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Cumberland Partners Ltd increased its holdings in shares of Sprott by 0.4% in the fourth quarter. Cumberland Partners Ltd now owns 32,300 shares of the company’s stock valued at $3,167,000 after purchasing an additional 120 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Sprott by 63.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 385 shares of the company’s stock worth $38,000 after buying an additional 150 shares during the last quarter. Mariner LLC boosted its stake in Sprott by 2.8% during the fourth quarter. Mariner LLC now owns 6,950 shares of the company’s stock worth $681,000 after buying an additional 192 shares during the last quarter. MGO One Seven LLC grew its holdings in Sprott by 2.5% in the 4th quarter. MGO One Seven LLC now owns 8,190 shares of the company’s stock valued at $802,000 after buying an additional 200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Sprott by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,351 shares of the company’s stock valued at $1,056,000 after buying an additional 225 shares in the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SII has been the topic of several analyst reports. Wall Street Zen upgraded Sprott from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Sprott in a report on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on shares of Sprott from $218.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, TD Securities reiterated a “hold” rating on shares of Sprott in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Sprott has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Sprott Stock Up 0.9%

NYSE:SII opened at $105.65 on Wednesday. The company has a market capitalization of $2.72 billion, a P/E ratio of 32.31 and a beta of 0.81. Sprott Inc. has a 52 week low of $61.94 and a 52 week high of $169.63. The stock’s fifty day moving average is $116.76 and its two-hundred day moving average is $129.54.

Sprott (NYSE:SII) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. Sprott’s dividend payout ratio (DPR) is presently 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.