Balyasny Asset Management L.P. Decreases Holdings in Sprott Inc. (NYSE:SII)

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

Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Sprott by 9.9% during the fourth quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock worth $4,817,000 after purchasing an additional 10,302 shares during the period. Norges Bank bought a new stake in Sprott during the fourth quarter worth $20,936,000. Raymond James Financial Inc. acquired a new position in shares of Sprott during the fourth quarter worth $2,531,000. Clean Energy Transition LLP increased its holdings in shares of Sprott by 110.6% during the fourth quarter. Clean Energy Transition LLP now owns 194,372 shares of the company's stock worth $8,197,000 after buying an additional 102,064 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Sprott by 757.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock valued at $7,794,000 after purchasing an additional 163,427 shares during the period. Institutional investors and hedge funds own 28.30% of the company's stock.

Sprott Stock Performance

Shares of Sprott stock traded up $0.59 on Tuesday, hitting $54.89. 198,636 shares of the company's stock were exchanged, compared to its average volume of 131,360. The company has a 50-day simple moving average of $47.43 and a 200-day simple moving average of $44.63. The stock has a market capitalization of $1.42 billion, a PE ratio of 30.16 and a beta of 0.98. Sprott Inc. has a 1 year low of $38.41 and a 1 year high of $55.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30.

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

Sprott Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.19%. Sprott's dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

SII has been the topic of a number of research analyst reports. BMO Capital Markets began coverage on shares of Sprott in a research report on Friday, March 7th. They set an "outperform" rating on the stock. Canaccord Genuity Group assumed coverage on shares of Sprott in a research 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.