Aristides Capital LLC Has $524,000 Stock Position in Sprott Inc. (NYSE:SII)

Aristides Capital LLC raised its holdings in shares of Sprott Inc. (NYSE:SII) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,424 shares of the company’s stock after purchasing an additional 1,340 shares during the period. Aristides Capital LLC’s holdings in Sprott were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in Sprott in the third quarter valued at approximately $78,000. Point72 Asset Management L.P. lifted 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 during the period. XTX Topco Ltd bought a new position in shares of Sprott in the 3rd quarter worth $254,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Sprott during the third quarter worth $612,000. Finally, O Brien Greene & Co. Inc increased its holdings in Sprott by 18.7% in the third quarter. O Brien Greene & Co. Inc now owns 19,015 shares of the company’s stock valued at $824,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SII has been the subject of several analyst reports. BMO Capital Markets started coverage on Sprott in a research report on Friday, March 7th. They set an “outperform” rating for the company. 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 Price Performance

Shares of SII opened at $40.64 on Friday. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Inc. has a twelve month low of $38.41 and a twelve month high of $48.00. The stock has a market capitalization of $1.05 billion, a P/E ratio of 22.33 and a beta of 1.01. The company has a 50 day moving average of $43.36 and a 200-day moving average of $43.51.

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

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 10th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, March 10th. Sprott’s dividend payout ratio is currently 63.16%.

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.