Harbour Capital Advisors LLC Takes Position in Sprott Inc. (NYSE:SII)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of SII. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott in the fourth quarter worth $25,000. Rialto Wealth Management LLC purchased a new position in shares of Sprott in the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp grew 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 buying an additional 745 shares during the period. US Bancorp DE increased its holdings 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 buying an additional 300 shares during the last quarter. 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. 28.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets initiated coverage on shares of Sprott in a research report on Friday, March 7th. They set an "outperform" rating for the company.

Sprott Stock Performance

Shares of NYSE SII traded up $3.06 during trading on Wednesday, hitting $67.69. The company had a trading volume of 346,639 shares, compared to its average volume of 133,760. Sprott Inc. has a 12 month low of $38.41 and a 12 month high of $67.93. The firm has a market capitalization of $1.75 billion, a P/E ratio of 35.26 and a beta of 1.00. The stock has a 50 day simple moving average of $57.42 and a 200 day simple moving average of $48.09.

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 net margin of 27.53% and a return on equity of 15.34%. The firm had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million.

Sprott Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given 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 1.77%. Sprott's payout ratio is 62.50%.

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.