Allspring Global Investments Holdings LLC Purchases New Stake in Sprott Inc. (NYSE:SII)

Allspring Global Investments Holdings LLC purchased a new stake in shares of Sprott Inc. (NYSE:SII) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 49,076 shares of the company’s stock, valued at approximately $1,814,000. Allspring Global Investments Holdings LLC owned 0.19% of Sprott at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Harbor Investment Advisory LLC raised its position in Sprott by 8,419.0% during the first quarter. Harbor Investment Advisory LLC now owns 8,519 shares of the company’s stock valued at $315,000 after buying an additional 8,419 shares during the period. Virtu Financial LLC acquired a new position in Sprott during the fourth quarter valued at $233,000. Sprott Inc. raised its position in Sprott by 28.3% during the fourth quarter. Sprott Inc. now owns 58,967 shares of the company’s stock valued at $2,002,000 after buying an additional 13,005 shares during the period. Stonehage Fleming Financial Services Holdings Ltd raised its position in Sprott by 126.6% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company’s stock valued at $40,000 after buying an additional 666 shares during the period. Finally, CIBC Asset Management Inc raised its position in Sprott by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 22,706 shares of the company’s stock valued at $772,000 after buying an additional 896 shares during the period. 28.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TD Securities raised Sprott from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

Sprott Stock Performance

Shares of SII stock opened at $42.88 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 2.26. Sprott Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $47.30. The stock’s 50-day moving average is $42.79 and its two-hundred day moving average is $38.64. The firm has a market cap of $1.11 billion, a P/E ratio of 23.96 and a beta of 1.11.

Sprott (NYSE:SII) last issued its earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter. Sprott had a return on equity of 15.15% and a net margin of 28.76%. The company had revenue of $41.54 million for the quarter.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.33%. Sprott’s dividend payout ratio (DPR) is presently 55.87%.

Sprott Profile

Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts.