Sprott Inc. (NYSE:SII) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the company's stock after purchasing an additional 6,300 shares during the period. Renaissance Technologies LLC owned 0.18% of Sprott worth $1,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sprott Inc. raised 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 purchasing an additional 100,585 shares during the period. Norges Bank purchased a new position in shares of Sprott during the fourth quarter valued at about $20,936,000. Horizon Kinetics Asset Management LLC lifted its position in shares of Sprott by 18.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company's stock worth $8,116,000 after buying an additional 30,622 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Sprott by 757.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock valued at $7,794,000 after buying an additional 163,427 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its stake in Sprott by 81.8% during the fourth quarter. Tocqueville Asset Management L.P. now owns 141,698 shares of the company's stock valued at $5,975,000 after buying an additional 63,758 shares during the last quarter. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented 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 started coverage on Sprott in a research note on Friday, March 7th. They set an "outperform" rating for the company.

Sprott Price Performance

Sprott stock traded up $0.33 during midday trading on Monday, reaching $52.63. 128,196 shares of the stock traded hands, compared to its average volume of 127,702. The stock has a market cap of $1.36 billion, a P/E ratio of 28.92 and a beta of 1.01. Sprott Inc. has a 12 month low of $38.41 and a 12 month high of $54.82. The stock's fifty day moving average is $45.12 and its 200-day moving average is $44.05. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII - Get Free Report) last issued 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. 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 the consensus estimate of $38.45 million.

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 dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 2.28%. Sprott's payout ratio is currently 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.