Bank of Montreal Can Sells 17,527 Shares of Sprott Inc. (NYSE:SII)

Bank of Montreal Can reduced its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 20.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 68,599 shares of the company's stock after selling 17,527 shares during the period. Bank of Montreal Can owned about 0.27% of Sprott worth $2,887,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SII. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott in the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new position in shares of Sprott in the fourth quarter worth $27,000. Jones Financial Companies Lllp grew its position in shares of Sprott by 919.8% in the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after purchasing an additional 745 shares in the last quarter. US Bancorp DE raised its stake in shares of 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 purchasing an additional 300 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Sprott during the 4th quarter worth about $145,000. Institutional investors own 28.30% of the company's stock.

Wall Street Analyst Weigh In

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

Sprott Trading Up 0.3 %

SII stock traded up $0.17 on Monday, reaching $52.92. The company's stock had a trading volume of 43,698 shares, compared to its average volume of 123,430. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $56.00. The firm has a market cap of $1.37 billion, a PE ratio of 28.99 and a beta of 1.01. The business has a fifty day simple moving average of $43.98 and a two-hundred day simple moving average of $43.70.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.12. The firm had revenue of $36.80 million during 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. Sprott's dividend 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.