Raymond James & Associates Purchases 14,635 Shares of Sprott Inc. (NYSE:SII)

Raymond James & Associates grew its holdings in Sprott Inc. (NYSE:SII - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 87,622 shares of the company's stock after buying an additional 14,635 shares during the quarter. Raymond James & Associates owned approximately 0.34% of Sprott worth $3,795,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SII. Toronto Dominion Bank lifted its stake in Sprott by 64.2% in the second 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. Point72 Asset Management L.P. purchased a new stake in shares of Sprott in the 2nd quarter worth about $29,000. Mather Group LLC. boosted its stake in shares of Sprott by 107.1% during the 2nd quarter. Mather Group LLC. now owns 874 shares of the company's stock valued at $36,000 after purchasing an additional 452 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Sprott during the first quarter valued at about $39,000. Finally, ORG Partners LLC purchased a new position in shares of Sprott during the second quarter valued at about $153,000. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Down 2.0 %

SII traded down $0.89 on Monday, hitting $43.48. The company had a trading volume of 82,022 shares, compared to its average volume of 108,775. The stock has a fifty day simple moving average of $43.27 and a 200-day simple moving average of $42.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $1.12 billion, a P/E ratio of 27.73 and a beta of 1.09. Sprott Inc. has a 52-week low of $28.70 and a 52-week high of $48.00.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $47.99 million for the quarter. Sprott had a return on equity of 13.50% and a net margin of 26.46%.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 2.30%. Sprott's payout ratio is 62.50%.

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.