HighTower Advisors LLC purchased a new stake in Sprott Inc. (NYSE:SII – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,415 shares of the company’s stock, valued at approximately $228,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caprock Group LLC lifted its position in shares of Sprott by 3.3% during the 4th quarter. Caprock Group LLC now owns 7,358 shares of the company’s stock worth $310,000 after purchasing an additional 233 shares during the last quarter. US Bancorp DE raised its stake in Sprott by 40.3% during the 4th quarter. US Bancorp DE now owns 1,044 shares of the company’s stock valued at $44,000 after acquiring an additional 300 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new stake in Sprott during the 4th quarter worth approximately $27,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company’s stock worth $35,000 after acquiring an additional 745 shares during the period. Hedge funds and other institutional investors own 28.30% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on SII shares. Canaccord Genuity Group started coverage on Sprott in a report on Tuesday, January 21st. They issued a “buy” rating for the company. BMO Capital Markets initiated coverage on Sprott in a report on Friday, March 7th. They issued an “outperform” rating for the company.
Read Our Latest Report on SII
Sprott Stock Down 3.3 %
SII stock opened at $43.39 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The company’s 50 day simple moving average is $43.42 and its 200-day simple moving average is $43.50. Sprott Inc. has a 12 month low of $38.41 and a 12 month high of $48.00. The firm has a market capitalization of $1.12 billion, a PE ratio of 23.84 and a beta of 1.01.
Sprott (NYSE:SII – Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $36.80 million during the quarter, compared to analyst estimates 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. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.77%. Sprott’s dividend payout ratio is presently 63.16%.
Sprott Company Profile
(Free Report)
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.
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