5,201 Shares in Sprott Inc. $SII Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of Sprott Inc. (NYSE:SII) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,201 shares of the company’s stock, valued at approximately $588,000.

Other hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in shares of Sprott during the second quarter worth about $33,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 period. Plato Investment Management Ltd acquired a new stake in Sprott in the second quarter valued at approximately $46,000. Grove Bank & Trust purchased a new position in Sprott in the second quarter worth approximately $56,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Sprott by 63.0% in the first quarter. EverSource Wealth Advisors LLC now owns 401 shares of the company’s stock worth $57,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on SII shares. Weiss Ratings cut shares of Sprott from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. TD Securities reaffirmed a “hold” rating on shares of Sprott in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Sprott from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

Sprott Trading Down 2.9%

Shares of NYSE:SII opened at $126.19 on Friday. The firm has a 50 day simple moving average of $117.21 and a 200-day simple moving average of $129.64. Sprott Inc. has a twelve month low of $68.96 and a twelve month high of $169.63. The company has a market capitalization of $3.24 billion, a PE ratio of 30.93 and a beta of 0.88.

Sprott (NYSE:SII) last posted its earnings results on Wednesday, August 5th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). Sprott had a net margin of 26.36% and a return on equity of 28.40%. The company had revenue of $71.78 million during the quarter, compared to analysts’ expectations of $82.45 million. During the same period last year, the business earned $0.52 earnings per share.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Sprott’s payout ratio is 39.22%.

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.