Sprott Inc. (NYSE:SII) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in Sprott Inc. (NYSE:SII - Free Report) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,625 shares of the company's stock after selling 11,119 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Sprott worth $1,795,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Caprock Group LLC grew its stake in shares of Sprott by 3.3% during the fourth quarter. Caprock Group LLC now owns 7,358 shares of the company's stock valued at $310,000 after acquiring an additional 233 shares in the last quarter. US Bancorp DE grew its stake in shares of Sprott by 40.3% during the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after acquiring an additional 300 shares in the last quarter. LPL Financial LLC grew its stake in shares of Sprott by 1.2% during the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after acquiring an additional 392 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott during the fourth quarter valued at about $25,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Sprott during the fourth quarter valued at about $27,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Sprott Stock Performance

Shares of SII stock traded up $0.66 on Thursday, hitting $52.16. 46,078 shares of the stock traded hands, compared to its average volume of 126,593. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market capitalization of $1.35 billion, a PE ratio of 28.62 and a beta of 1.01. Sprott Inc. has a 1-year low of $38.41 and a 1-year high of $54.82. The company's fifty day moving average is $44.55 and its 200 day moving average is $43.88.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.12. The business had revenue of $36.80 million for the quarter, compared to analyst estimates of $38.45 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, March 10th. Sprott's dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

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

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.