Raymond James Financial Inc. Buys Shares of 60,027 Sprott Inc. (NYSE:SII)

Raymond James Financial Inc. acquired a new stake in shares of Sprott Inc. (NYSE:SII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,027 shares of the company's stock, valued at approximately $2,531,000. Raymond James Financial Inc. owned approximately 0.23% of Sprott as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SII. Sprott Inc. boosted its position in shares of Sprott by 6.9% during the 4th quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock valued at $65,835,000 after acquiring an additional 100,585 shares during the last quarter. Praetorian PR LLC grew its stake in shares of Sprott by 1.0% in the 3rd quarter. Praetorian PR LLC now owns 575,000 shares of the company's stock worth $24,903,000 after buying an additional 5,500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sprott by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 103,917 shares of the company's stock worth $4,501,000 after buying an additional 5,129 shares during the last quarter. Bank of Montreal Can raised its position in shares of Sprott by 11.4% during the 3rd quarter. Bank of Montreal Can now owns 86,126 shares of the company's stock valued at $3,846,000 after buying an additional 8,782 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Sprott by 73.7% in the 3rd quarter. Geode Capital Management LLC now owns 33,962 shares of the company's stock valued at $1,817,000 after acquiring an additional 14,409 shares during the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

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Sprott Trading Up 1.1 %

NYSE:SII traded up $0.49 during mid-day trading on Monday, hitting $44.82. 228,110 shares of the stock traded hands, compared to its average volume of 114,775. 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 stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 24.62 and a beta of 1.08. Sprott Inc. has a 52 week low of $36.76 and a 52 week high of $48.00. The firm's 50 day moving average is $43.30 and its two-hundred day moving average is $43.44.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 10th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.68%. Sprott's payout ratio is 63.16%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SII. BMO Capital Markets assumed coverage on Sprott in a research report on Friday, March 7th. They set an "outperform" rating on the stock. Canaccord Genuity Group assumed coverage on Sprott in a research report on Tuesday, January 21st. They issued a "buy" rating for the company.

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.