WR Wealth Planners LLC Boosts Stock Holdings in Sprott Inc. (NYSE:SII)

WR Wealth Planners LLC raised its holdings in shares of Sprott Inc. (NYSE:SII) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,990 shares of the company’s stock after purchasing an additional 850 shares during the period. WR Wealth Planners LLC’s holdings in Sprott were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SII. Raymond James & Associates grew its position in shares of Sprott by 20.1% in the 3rd quarter. Raymond James & Associates now owns 87,622 shares of the company’s stock worth $3,795,000 after buying an additional 14,635 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Sprott in the 3rd quarter worth approximately $32,000. CWA Asset Management Group LLC purchased a new position in shares of Sprott in the 3rd quarter worth approximately $9,843,000. Arcus Capital Partners LLC purchased a new position in shares of Sprott in the 3rd quarter worth approximately $214,000. Finally, Aigen Investment Management LP purchased a new position in shares of Sprott in the 3rd quarter worth approximately $308,000. Hedge funds and other institutional investors own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sprott Stock Up 0.5 %

Shares of Sprott stock opened at $42.47 on Friday. The company has a market cap of $1.10 billion, a P/E ratio of 23.33 and a beta of 1.08. Sprott Inc. has a 52-week low of $34.51 and a 52-week high of $48.00. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $42.69 and its 200-day moving average price is $43.02.

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

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.83%. The ex-dividend date is Monday, March 10th. Sprott’s dividend payout ratio is presently 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.