Sprott Inc. Has $65.84 Million Holdings in Sprott Inc. (NYSE:SII)

Sprott Inc. boosted its holdings in shares of Sprott Inc. (NYSE:SII) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,561,188 shares of the company’s stock after acquiring an additional 100,585 shares during the quarter. Sprott makes up approximately 3.9% of Sprott Inc.’s portfolio, making the stock its 3rd largest holding. Sprott Inc. owned 6.05% of Sprott worth $65,835,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SII. Capital Performance Advisors LLP bought a new stake in shares of Sprott during the 3rd quarter worth about $32,000. Quantbot Technologies LP acquired a new stake in Sprott in the 3rd quarter worth approximately $78,000. Northwest & Ethical Investments L.P. bought a new stake in Sprott during the third quarter worth approximately $82,000. SG Americas Securities LLC acquired a new position in Sprott during the fourth quarter valued at approximately $145,000. Finally, Barclays PLC raised 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 purchasing an additional 4,497 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Down 1.5 %

Sprott stock opened at $42.72 on Wednesday. Sprott Inc. has a 52 week low of $34.51 and a 52 week 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 firm has a market capitalization of $1.10 billion, a PE ratio of 23.47 and a beta of 1.08. The business’s 50-day simple moving average is $42.65 and its 200-day simple moving average is $43.01.

Sprott Announces Dividend

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

Analysts Set New Price Targets

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 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.