Sprott Inc. (NYSE:SII) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in Sprott Inc. (NYSE:SII) by 919.8% during the fourth quarter, Holdings Channel reports. The fund owned 826 shares of the company’s stock after buying an additional 745 shares during the quarter. Jones Financial Companies Lllp’s holdings in Sprott were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in shares of Sprott by 1,685.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company’s stock valued at $541,000 after purchasing an additional 11,800 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Sprott by 47.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company’s stock valued at $25,453,000 after purchasing an additional 187,993 shares during the period. Barclays PLC increased its position in shares of Sprott by 7,753.4% in the third quarter. Barclays PLC now owns 4,555 shares of the company’s stock valued at $197,000 after buying an additional 4,497 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Sprott during the 3rd quarter worth approximately $231,000. Finally, O Brien Greene & Co. Inc lifted its position in shares of Sprott by 42.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company’s stock valued at $1,139,000 after buying an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company’s stock.

Sprott Stock Up 1.6 %

Shares of SII opened at $44.78 on Thursday. The stock has a 50 day moving average price of $42.82 and a 200 day moving average price of $43.16. Sprott Inc. has a one year low of $34.68 and a one year high of $48.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 24.60 and a beta of 1.08.

Sprott (NYSE:SII) last released its earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.12. The business had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th will be given a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.68%. Sprott’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

A number of research firms have recently commented on SII. Canaccord Genuity Group initiated coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a “buy” rating for the company. BMO Capital Markets started coverage on Sprott in a research note on Friday, March 7th. They set an “outperform” 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.