60,027 Shares in Sprott Inc. (NYSE:SII) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Sprott Inc. (NYSE:SII - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 60,027 shares of the company's stock, valued at approximately $2,531,000. Raymond James Financial Inc. owned 0.23% of Sprott as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Sprott by 11.4% in the third quarter. Bank of Montreal Can now owns 86,126 shares of the company's stock worth $3,846,000 after buying an additional 8,782 shares during the period. Quantbot Technologies LP acquired a new position in Sprott during the 3rd quarter worth approximately $78,000. Northwest & Ethical Investments L.P. purchased a new position in Sprott in the 3rd quarter worth approximately $82,000. PDT Partners LLC boosted its holdings in Sprott by 10.2% in the 3rd quarter. PDT Partners LLC now owns 24,241 shares of the company's stock worth $1,050,000 after acquiring an additional 2,238 shares during the period. Finally, Praetorian PR LLC grew its position in Sprott by 1.0% in the third quarter. Praetorian PR LLC now owns 575,000 shares of the company's stock valued at $24,903,000 after acquiring an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 28.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SII shares. Canaccord Genuity Group started coverage on Sprott in a research note on Tuesday, January 21st. They set a "buy" rating for the company. BMO Capital Markets initiated coverage on Sprott in a research note on Friday, March 7th. They set an "outperform" rating for the company.

Sprott Stock Performance

Shares of NYSE SII traded up $0.09 during midday trading on Wednesday, hitting $44.97. The company's stock had a trading volume of 58,786 shares, compared to its average volume of 114,790. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. Sprott Inc. has a 1-year low of $37.61 and a 1-year high of $48.00. The firm's fifty day moving average price is $43.41 and its 200-day moving average price is $43.50. The firm has a market cap of $1.16 billion, a P/E ratio of 24.71 and a beta of 1.08.

Sprott (NYSE:SII - Get Free Report) last issued its 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. 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 analyst estimates of $38.45 million.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. Sprott's dividend payout ratio (DPR) is 63.16%.

Sprott Company 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.