BNP Paribas Financial Markets Sells 21,984 Shares of Sprott Inc. $SII

BNP Paribas Financial Markets decreased its position in shares of Sprott Inc. (NYSE:SII) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,512 shares of the company’s stock after selling 21,984 shares during the quarter. BNP Paribas Financial Markets owned about 0.33% of Sprott worth $8,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jupiter Asset Management Ltd. bought a new stake in shares of Sprott during the third quarter valued at approximately $711,000. Picton Mahoney Asset Management increased its holdings in shares of Sprott by 45.8% during the third quarter. Picton Mahoney Asset Management now owns 275,478 shares of the company’s stock valued at $22,894,000 after acquiring an additional 86,525 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Sprott by 99.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 739,700 shares of the company’s stock worth $61,466,000 after buying an additional 369,100 shares in the last quarter. Spark Investment Management LLC bought a new stake in Sprott during the third quarter worth $665,000. Finally, CWA Asset Management Group LLC grew its holdings in Sprott by 58.2% during the fourth quarter. CWA Asset Management Group LLC now owns 71,604 shares of the company’s stock worth $7,011,000 after buying an additional 26,341 shares in the last quarter. Institutional investors own 28.30% of the company’s stock.

Sprott Price Performance

Shares of NYSE:SII opened at $118.12 on Wednesday. The company has a market capitalization of $3.04 billion, a PE ratio of 36.12 and a beta of 0.76. The business has a fifty day moving average price of $135.17 and a two-hundred day moving average price of $125.24. Sprott Inc. has a 1 year low of $61.42 and a 1 year high of $169.63.

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

Sprott Dividend Announcement

The firm also recently disclosed 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 1.4%. The ex-dividend date was Tuesday, May 19th. Sprott’s dividend payout ratio is 48.93%.

Analyst Upgrades and Downgrades

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

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.