Arrowstreet Capital Limited Partnership Has $7.79 Million Stock Holdings in Sprott Inc. (NYSE:SII)

Arrowstreet Capital Limited Partnership raised its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 757.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,995 shares of the company's stock after purchasing an additional 163,427 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.72% of Sprott worth $7,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SII. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new position in Sprott during the fourth quarter worth $27,000. Jones Financial Companies Lllp lifted its holdings in shares of Sprott by 919.8% during the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after acquiring an additional 745 shares during the period. US Bancorp DE lifted its holdings in shares of Sprott by 40.3% during the fourth 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 period. Finally, SG Americas Securities LLC acquired a new stake in shares of Sprott in the 4th quarter valued at $145,000. 28.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SII shares. BMO Capital Markets initiated coverage on shares of Sprott in a research report on Friday, March 7th. They set an "outperform" rating for the company. Canaccord Genuity Group began coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a "buy" rating on the stock.

Sprott Price Performance

SII stock traded up $3.37 during midday trading on Friday, reaching $47.38. 368,381 shares of the company's stock traded hands, compared to its average volume of 118,217. The company has a 50-day simple moving average of $43.26 and a two-hundred day simple moving average of $43.49. 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 1-year low of $38.41 and a 1-year high of $48.00. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 26.03 and a beta of 1.01.

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

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.53%. The ex-dividend date was Monday, March 10th. Sprott's payout ratio is presently 63.16%.

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.