Fidelis Capital Partners LLC Makes New Investment in Sprott Inc. (NYSE:SII)

Fidelis Capital Partners LLC acquired a new stake in Sprott Inc. (NYSE:SII - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,500 shares of the company's stock, valued at approximately $247,000.

Several other large investors have also made changes to their positions in the business. US Bancorp DE lifted its position in shares of Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after acquiring an additional 300 shares in the last quarter. LPL Financial LLC lifted its position in shares of Sprott by 1.2% in the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after acquiring an additional 392 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Sprott by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock valued at $744,000 after acquiring an additional 476 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock valued at $255,000 after acquiring an additional 477 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Sprott by 919.8% in the fourth 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. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Price Performance

Shares of SII stock traded up $0.87 during trading hours on Wednesday, hitting $73.32. The stock had a trading volume of 203,080 shares, compared to its average volume of 136,876. Sprott Inc. has a one year low of $38.41 and a one year high of $73.71. The stock's 50-day moving average price is $62.53 and its two-hundred day moving average price is $50.82. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 38.19 and a beta of 1.04.

Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $37.38 million for the quarter, compared to analysts' expectations of $40.48 million.

Sprott Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. Sprott's dividend payout ratio (DPR) is 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.