Geode Capital Management LLC Has $1.82 Million Holdings in Sprott Inc. (NYSE:SII)

Geode Capital Management LLC lifted its holdings in Sprott Inc. (NYSE:SII - Free Report) by 73.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,962 shares of the company's stock after purchasing an additional 14,409 shares during the period. Geode Capital Management LLC owned 0.13% of Sprott worth $1,817,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Toronto Dominion Bank raised its holdings in Sprott by 64.2% in the 2nd quarter. Toronto Dominion Bank now owns 693 shares of the company's stock worth $29,000 after acquiring an additional 271 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Sprott by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 17,188 shares of the company's stock worth $712,000 after purchasing an additional 277 shares during the period. TD Asset Management Inc lifted its position in shares of Sprott by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 56,456 shares of the company's stock worth $2,341,000 after purchasing an additional 380 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Sprott during the 2nd quarter worth about $29,000. Finally, Capital Performance Advisors LLP bought a new stake in Sprott during the 3rd quarter valued at approximately $32,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Performance

NYSE SII traded down $0.32 during trading on Thursday, hitting $41.99. The company's stock had a trading volume of 43,841 shares, compared to its average volume of 57,048. Sprott Inc. has a 52 week low of $31.47 and a 52 week high of $48.00. The firm has a market cap of $1.08 billion, a P/E ratio of 23.07 and a beta of 1.08. The firm has a 50 day moving average price of $43.22 and a 200 day moving average price of $43.06. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $0.30 per share. The ex-dividend date was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Sprott's previous quarterly dividend of $0.25. Sprott's payout ratio is 65.93%.

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.