Harbour Capital Advisors LLC Acquires Shares of 10,255 Sprott Inc. (NYSE:SII)

Harbour Capital Advisors LLC bought a new stake in shares of Sprott Inc. (NYSE:SII - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,255 shares of the company's stock, valued at approximately $446,000.

Other hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in Sprott during the fourth quarter worth about $25,000. Rialto Wealth Management LLC bought a new position in Sprott during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its position in Sprott by 919.8% during the fourth quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after purchasing an additional 745 shares during the period. US Bancorp DE lifted its position in Sprott by 40.3% during the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after purchasing an additional 300 shares during the period. Finally, Deutsche Bank AG raised its position in Sprott by 100.7% in the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after acquiring an additional 1,086 shares during the period. Institutional investors own 28.30% of the company's stock.

Sprott Trading Down 0.9%

Shares of SII stock traded down $0.64 during trading hours on Friday, reaching $67.07. 111,238 shares of the stock were exchanged, compared to its average volume of 134,520. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $68.60. The company's 50-day moving average price is $58.32 and its 200-day moving average price is $48.53. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 34.93 and a beta of 1.00.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.14. The firm had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million. Sprott had a net margin of 27.53% and a return on equity of 15.34%.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.79%. Sprott's payout ratio is 62.50%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets assumed coverage on Sprott in a research note on Friday, March 7th. They issued an "outperform" 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.