Horizon Kinetics Asset Management LLC Buys 30,622 Shares of Sprott Inc. (NYSE:SII)

Horizon Kinetics Asset Management LLC increased its holdings in Sprott Inc. (NYSE:SII - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,466 shares of the company's stock after purchasing an additional 30,622 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.75% of Sprott worth $8,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SII. Point72 Asset Management L.P. boosted its position in Sprott by 1,685.7% during the third quarter. Point72 Asset Management L.P. now owns 12,500 shares of the company's stock valued at $541,000 after acquiring an additional 11,800 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Sprott by 47.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 587,408 shares of the company's stock worth $25,453,000 after acquiring an additional 187,993 shares in the last quarter. Barclays PLC raised its holdings in shares of Sprott by 7,753.4% in the 3rd quarter. Barclays PLC now owns 4,555 shares of the company's stock worth $197,000 after acquiring an additional 4,497 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Sprott in the 3rd quarter worth about $231,000. Finally, O Brien Greene & Co. Inc raised its stake in shares of Sprott by 42.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company's stock worth $1,139,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 28.30% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on SII. BMO Capital Markets initiated coverage on Sprott in a report on Friday, March 7th. They set an "outperform" rating for the company. Canaccord Genuity Group initiated coverage on Sprott in a report on Tuesday, January 21st. They issued a "buy" rating for the company.

Sprott Price Performance

Sprott stock traded down $0.79 during midday trading on Friday, reaching $44.39. 109,604 shares of the stock were exchanged, compared to its average volume of 102,962. Sprott Inc. has a 52 week low of $35.50 and a 52 week high of $48.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The firm has a market cap of $1.15 billion, a PE ratio of 24.39 and a beta of 1.08. The company's fifty day moving average is $42.89 and its 200-day moving average is $43.18.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share for the quarter, beating 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 firm had revenue of $36.80 million for the quarter, compared to analysts' expectations of $38.45 million.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, March 10th. Sprott's dividend payout ratio (DPR) is currently 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.