Sprott Inc. (NYSE:SII) Shares Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. boosted its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 81.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,698 shares of the company's stock after buying an additional 63,758 shares during the quarter. Tocqueville Asset Management L.P. owned 0.55% of Sprott worth $5,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott during the fourth quarter valued at $25,000. Rialto Wealth Management LLC purchased a new stake in shares of Sprott during the fourth quarter valued at $27,000. Jones Financial Companies Lllp boosted its stake in shares of Sprott by 919.8% during the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after purchasing an additional 745 shares during the period. US Bancorp DE boosted 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 purchasing an additional 300 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Sprott during the third quarter valued at $78,000. 28.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SII has been the subject of a number of recent analyst reports. Canaccord Genuity Group initiated coverage on shares of Sprott in a research note on Tuesday, January 21st. They set a "buy" rating for the company. BMO Capital Markets started coverage on shares of Sprott in a research note on Friday, March 7th. They issued an "outperform" rating for the company.

Remove Ads

Sprott Stock Down 1.7 %

NYSE:SII traded down $0.79 during mid-day trading on Friday, reaching $44.39. The company's stock had a trading volume of 109,604 shares, compared to its average volume of 103,157. Sprott Inc. has a 1 year low of $35.50 and a 1 year high of $48.00. The stock has a fifty day moving average of $42.95 and a 200-day moving average of $43.20. The firm has a market capitalization of $1.15 billion, a PE ratio of 24.39 and a beta of 1.08. 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 announced its earnings results on Wednesday, February 26th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.12. The business had revenue of $36.80 million during the quarter, compared to the consensus estimate of $38.45 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Monday, March 10th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.70%. Sprott's dividend payout ratio is presently 63.16%.

Sprott 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.