Sprott Inc. Boosts Stake in Sprott Inc. (NYSE:SII)

Sprott Inc. increased its position in Sprott Inc. (NYSE:SII) by 28.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 58,967 shares of the company’s stock after purchasing an additional 13,005 shares during the period. Sprott Inc.’s holdings in Sprott were worth $2,002,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SII. Swiss National Bank raised its stake in Sprott by 0.8% during the 3rd quarter. Swiss National Bank now owns 48,975 shares of the company’s stock valued at $1,504,000 after acquiring an additional 400 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd raised its stake in Sprott by 126.6% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,192 shares of the company’s stock valued at $40,000 after acquiring an additional 666 shares during the last quarter. CIBC Asset Management Inc raised its stake in Sprott by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 22,706 shares of the company’s stock valued at $772,000 after acquiring an additional 896 shares during the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in Sprott during the 4th quarter valued at approximately $34,000. Finally, Jump Financial LLC raised its stake in Sprott by 22.1% during the 4th quarter. Jump Financial LLC now owns 8,300 shares of the company’s stock valued at $282,000 after acquiring an additional 1,500 shares during the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

SII traded down $1.17 on Friday, hitting $43.35. 147,103 shares of the company traded hands, compared to its average volume of 185,967. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $42.04 and a 200-day moving average of $37.43. Sprott Inc. has a 12-month low of $28.04 and a 12-month high of $47.30. The stock has a market capitalization of $1.12 billion, a PE ratio of 24.22 and a beta of 1.13.

Sprott (NYSE:SII) last released its earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share (EPS) 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.31%. The ex-dividend date was Monday, May 20th. Sprott’s payout ratio is 55.87%.

Analysts Set New Price Targets

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

Sprott Company 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.