Robertson Stephens Wealth Management LLC Sells 5,820 Shares of Sprott Inc. $SII

Robertson Stephens Wealth Management LLC lowered its stake in shares of Sprott Inc. (NYSE:SII) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,564 shares of the company’s stock after selling 5,820 shares during the period. Robertson Stephens Wealth Management LLC owned approximately 0.16% of Sprott worth $4,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SII. TD Waterhouse Canada Inc. grew its stake in shares of Sprott by 345.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 37,448 shares of the company’s stock valued at $4,237,000 after buying an additional 29,043 shares during the period. Copeland Capital Management LLC increased its position in Sprott by 255,707.1% in the 3rd quarter. Copeland Capital Management LLC now owns 286,504 shares of the company’s stock valued at $34,203,000 after buying an additional 286,392 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Sprott in the 3rd quarter valued at about $636,000. Baird Financial Group Inc. raised its stake in Sprott by 2.0% during the 2nd quarter. Baird Financial Group Inc. now owns 97,614 shares of the company’s stock worth $10,967,000 after buying an additional 1,952 shares during the period. Finally, Arcus Capital Partners LLC raised its stake in Sprott by 15.4% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,230 shares of the company’s stock worth $363,000 after buying an additional 430 shares during the period. Institutional investors own 28.30% of the company’s stock.

Sprott Trading Down 4.7%

NYSE SII opened at $107.75 on Friday. The business has a fifty day simple moving average of $123.72 and a 200 day simple moving average of $124.09. Sprott Inc. has a 12 month low of $78.79 and a 12 month high of $169.63. The firm has a market capitalization of $2.77 billion, a P/E ratio of 26.41 and a beta of 0.95.

Sprott (NYSE:SII) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.01). Sprott had a return on equity of 28.40% and a net margin of 26.36%. The firm had revenue of $71.78 million for the quarter, compared to analysts’ expectations of $82.45 million. During the same period in the prior year, the firm 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 issued a $0.40 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. Sprott’s dividend payout ratio is currently 39.22%.

Analysts Set New Price Targets

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

Sprott Profile

Sprott Inc (NYSE:SII) is an alternative asset management company focused primarily on precious metals, real assets and specialized investment strategies. Through its subsidiaries and investment platforms, the company manages assets for institutional and individual investors seeking exposure to areas such as gold, silver, uranium, energy-transition materials and other natural resources.

Sprott offers a range of investment products and services, including exchange-listed funds, closed-end funds, physical bullion trusts, private equity and private credit strategies, managed accounts and institutional mandates.