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

Sprott Inc. lifted its stake in Sprott Inc. (NYSE:SII) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,561,188 shares of the company’s stock after buying an additional 100,585 shares during the period. Sprott comprises 3.9% of Sprott Inc.’s portfolio, making the stock its 3rd biggest holding. Sprott Inc. owned approximately 0.06% of Sprott worth $65,835,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Sprott in the 3rd quarter worth approximately $32,000. Quantbot Technologies LP acquired a new position in shares of Sprott in the third quarter valued at $78,000. Northwest & Ethical Investments L.P. bought a new position in Sprott in the third quarter worth $82,000. SG Americas Securities LLC acquired a new stake in Sprott during the fourth quarter worth $145,000. Finally, Barclays PLC increased its holdings in Sprott by 7,753.4% in the 3rd quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after buying an additional 4,497 shares during the period. 28.30% of the stock is owned by institutional investors and hedge funds.

Sprott Stock Down 1.5 %

NYSE SII opened at $42.72 on Wednesday. Sprott Inc. has a 1-year low of $34.51 and a 1-year high of $48.00. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.47 and a beta of 1.08. The stock’s 50 day moving average is $42.65 and its two-hundred day moving average is $43.01. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.81%. Sprott’s dividend payout ratio is 65.93%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group assumed coverage on shares of Sprott in a report on Tuesday, January 21st. They set a “buy” rating for the company.

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.