Norges Bank Purchases New Shares in Sprott Inc. (NYSE:SII)

Norges Bank purchased a new stake in shares of Sprott Inc. (NYSE:SII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 496,455 shares of the company's stock, valued at approximately $20,936,000. Norges Bank owned approximately 1.92% of Sprott at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC bought a new position in shares of Sprott during the fourth quarter valued at $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 worth $35,000 after purchasing an additional 745 shares during the period. US Bancorp DE grew its stake in shares of Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock worth $44,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Sprott in the fourth quarter valued at $145,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Trading Up 7.7 %

NYSE SII traded up $3.37 during mid-day trading on Friday, reaching $47.38. 368,381 shares of the stock were exchanged, compared to its average volume of 118,217. The stock has a market cap of $1.22 billion, a P/E ratio of 26.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott Inc. has a one year low of $38.41 and a one year high of $48.00. The stock has a 50 day simple moving average of $43.26 and a 200-day simple moving average of $43.49.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings data 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. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The firm had revenue of $36.80 million during the quarter, compared to analyst estimates of $38.45 million.

Sprott Dividend Announcement

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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, March 10th. Sprott's payout ratio is 63.16%.

Analyst Upgrades and Downgrades

SII has been the topic of several recent research reports. BMO Capital Markets began coverage on Sprott in a report on Friday, March 7th. They set an "outperform" rating on the stock. Canaccord Genuity Group began coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a "buy" rating for the company.

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.