Cubist Systematic Strategies LLC Has $1.45 Million Position in Sprott Inc. (NYSE:SII)

Cubist Systematic Strategies LLC increased its position in Sprott Inc. (NYSE:SII - Free Report) by 142.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,442 shares of the company's stock after buying an additional 20,227 shares during the period. Cubist Systematic Strategies LLC owned 0.13% of Sprott worth $1,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Caprock Group LLC increased its holdings in Sprott by 3.3% in the fourth quarter. Caprock Group LLC now owns 7,358 shares of the company's stock worth $310,000 after buying an additional 233 shares during the last quarter. US Bancorp DE increased its holdings in Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock worth $44,000 after buying an additional 300 shares during the last quarter. LPL Financial LLC increased its holdings in Sprott by 1.2% in the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock worth $1,351,000 after buying an additional 392 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Sprott by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock worth $744,000 after buying an additional 476 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Sprott during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 28.30% of the company's stock.

Sprott Trading Up 0.2%

Shares of Sprott stock traded up $0.09 during trading on Friday, hitting $55.63. 338,193 shares of the company were exchanged, compared to its average volume of 129,708. Sprott Inc. has a 1-year low of $38.41 and a 1-year high of $56.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The firm has a market capitalization of $1.44 billion, a P/E ratio of 30.57 and a beta of 0.98. The firm's fifty day moving average price is $48.17 and its 200 day moving average price is $44.82.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $40.48 million.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, May 20th. Sprott's payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

SII has been the topic of several research analyst reports. Canaccord Genuity Group initiated coverage on shares of Sprott in a research note on Tuesday, January 21st. They issued a "buy" rating on the stock. 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.

About Sprott

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.