Sprott Inc. (NYSE:SII) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in Sprott Inc. (NYSE:SII - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,219 shares of the company's stock after acquiring an additional 10,302 shares during the quarter. JPMorgan Chase & Co. owned 0.44% of Sprott worth $4,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sprott Inc. raised its stake in Sprott by 6.9% in the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock valued at $65,835,000 after buying an additional 100,585 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of Sprott by 18.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company's stock valued at $8,116,000 after acquiring an additional 30,622 shares during the period. Tocqueville Asset Management L.P. increased its holdings in shares of Sprott by 81.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 141,698 shares of the company's stock valued at $5,975,000 after purchasing an additional 63,758 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sprott in the fourth quarter worth about $2,531,000. Finally, Geode Capital Management LLC boosted its position in Sprott by 73.7% in the third quarter. Geode Capital Management LLC now owns 33,962 shares of the company's stock valued at $1,817,000 after buying an additional 14,409 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Sprott Price Performance

Shares of SII stock traded up $0.66 during trading hours on Thursday, hitting $52.16. 46,078 shares of the company's stock were exchanged, compared to its average volume of 126,593. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $54.82. The firm has a market cap of $1.35 billion, a P/E ratio of 28.62 and a beta of 1.01. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $44.55 and a two-hundred day moving average of $43.88.

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, topping the consensus estimate 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. Sprott's payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. 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 began coverage on shares of Sprott in a report on Friday, March 7th. They set an "outperform" rating on the stock.

About Sprott

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.