Sprott Inc. (NYSE:SII) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its position in Sprott Inc. (NYSE:SII - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 878,647 shares of the company's stock after selling 103,544 shares during the quarter. Royce & Associates LP owned about 3.40% of Sprott worth $37,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SII. Caprock Group LLC raised its holdings in shares of Sprott by 3.3% in the 4th quarter. Caprock Group LLC now owns 7,358 shares of the company's stock worth $310,000 after purchasing an additional 233 shares during the period. US Bancorp DE raised its holdings in Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after buying an additional 300 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Sprott during the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Sprott in the fourth quarter worth $27,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after acquiring an additional 745 shares during the period. Institutional investors and hedge funds own 28.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Sprott Stock Performance

SII traded up $0.42 during trading hours on Thursday, hitting $45.21. 172,614 shares of the stock were exchanged, compared to its average volume of 102,887. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 24.84 and a beta of 1.08. The stock has a 50-day simple moving average of $42.82 and a 200-day simple moving average of $43.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. Sprott Inc. has a 12 month low of $34.68 and a 12 month high of $48.00.

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, topping analysts' consensus estimates of $0.34 by $0.12. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The company had revenue of $36.80 million for the quarter, compared to the consensus estimate of $38.45 million.

Sprott Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.65%. 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.