Cubist Systematic Strategies LLC increased its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 142.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,442 shares of the company's stock after acquiring an additional 20,227 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.13% of Sprott worth $1,452,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sprott Inc. boosted its stake in Sprott by 6.9% during the fourth quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock worth $65,835,000 after buying an additional 100,585 shares in the last quarter. Norges Bank acquired a new stake in Sprott during the fourth quarter worth $20,936,000. Clean Energy Transition LLP boosted its stake in 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. Horizon Kinetics Asset Management LLC boosted its stake in Sprott by 18.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 192,466 shares of the company's stock worth $8,116,000 after buying an additional 30,622 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Sprott by 757.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 184,995 shares of the company's stock worth $7,794,000 after buying an additional 163,427 shares in the last quarter. Institutional investors own 28.30% of the company's stock.
Analyst Ratings Changes
SII has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Sprott in a research note on Friday, March 7th. They issued an "outperform" rating on the stock. Canaccord Genuity Group assumed coverage on shares of Sprott in a research report on Tuesday, January 21st. They set a "buy" rating on the stock.
Get Our Latest Analysis on Sprott
Sprott Stock Performance
Sprott stock opened at $54.31 on Tuesday. 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 cap of $1.40 billion, a PE ratio of 29.84 and a beta of 0.98. The company's 50-day moving average is $47.19 and its two-hundred day moving average is $44.56. Sprott Inc. has a 1 year low of $38.41 and a 1 year high of $55.90.
Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. Sprott had a return on equity of 15.02% and a net margin of 27.38%. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million.
Sprott Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.21%. Sprott's dividend payout ratio is currently 62.50%.
Sprott Profile
(
Free Report)
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.
See Also
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