Balyasny Asset Management L.P. Sells 15,548 Shares of Sprott Inc. (NYSE:SII)

Balyasny Asset Management L.P. trimmed its position in Sprott Inc. (NYSE:SII - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,590 shares of the company's stock after selling 15,548 shares during the quarter. Balyasny Asset Management L.P. owned about 0.55% of Sprott worth $5,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Sprott by 9.9% in the 4th quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock worth $4,817,000 after acquiring an additional 10,302 shares in the last quarter. Norges Bank purchased a new stake in Sprott during the 4th quarter valued at approximately $20,936,000. Raymond James Financial Inc. purchased a new stake in Sprott during the 4th quarter valued at approximately $2,531,000. Clean Energy Transition LLP grew its holdings in Sprott by 110.6% during the 4th quarter. Clean Energy Transition LLP now owns 194,372 shares of the company's stock valued at $8,197,000 after buying an additional 102,064 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Sprott by 757.7% during the 4th 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 in the last quarter. 28.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sprott Price Performance

Shares of SII stock traded up $0.73 on Friday, reaching $56.27. The company's stock had a trading volume of 142,564 shares, compared to its average volume of 130,797. The stock's fifty day simple moving average is $47.90 and its 200-day simple moving average is $44.76. Sprott Inc. has a 1 year low of $38.41 and a 1 year high of $56.41. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 30.90 and a beta of 0.98.

Sprott (NYSE:SII - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. The firm had revenue of $37.38 million during the quarter, compared to analyst estimates of $40.48 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a $0.30 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.13%. Sprott's dividend payout ratio is presently 62.50%.

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.