Arcus Capital Partners LLC bought a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,523 shares of the company's stock, valued at approximately $293,000.
Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock worth $35,000 after purchasing an additional 745 shares during the last quarter. US Bancorp DE increased its position in Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after acquiring an additional 300 shares during the period. Deutsche Bank AG increased its position in Sprott by 100.7% in the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock valued at $91,000 after acquiring an additional 1,086 shares during the period. Quantbot Technologies LP increased its position in Sprott by 135.7% in the 4th quarter. Quantbot Technologies LP now owns 4,269 shares of the company's stock valued at $180,000 after acquiring an additional 2,458 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Sprott in the 4th quarter valued at approximately $228,000. Institutional investors own 28.30% of the company's stock.
Sprott Trading Up 1.0%
SII traded up $0.71 during trading hours on Friday, hitting $70.94. The company's stock had a trading volume of 147,933 shares, compared to its average volume of 136,375. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $71.11. The firm has a market capitalization of $1.83 billion, a PE ratio of 36.95 and a beta of 1.04. The company has a 50-day simple moving average of $61.75 and a 200 day simple moving average of $50.45.
Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. Sprott had a return on equity of 15.34% and a net margin of 27.53%. The company had revenue of $37.38 million for the quarter, compared to analysts' expectations of $40.48 million.
Sprott Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's dividend payout ratio (DPR) is presently 62.50%.
About Sprott
(
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.
Further Reading
Before you consider Sprott, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sprott wasn't on the list.
While Sprott currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
