Sprott Inc. (NYSE:SII) Position Increased by Intact Investment Management Inc.

Intact Investment Management Inc. grew its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 92.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,800 shares of the company's stock after buying an additional 12,900 shares during the quarter. Intact Investment Management Inc. owned about 0.10% of Sprott worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of 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 acquiring an additional 300 shares during the period. LPL Financial LLC increased its position in shares of Sprott by 1.2% during the 4th quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after purchasing an additional 392 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Sprott by 2.8% in the 4th 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 in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott in the 4th quarter worth $25,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Sprott in the fourth quarter valued at $27,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sprott Trading Down 0.1%

Shares of NYSE SII traded down $0.08 during midday trading on Thursday, reaching $67.66. The company's stock had a trading volume of 161,053 shares, compared to its average volume of 134,281. Sprott Inc. has a one year low of $38.41 and a one year high of $69.18. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 35.24 and a beta of 1.00. The company has a 50 day moving average price of $58.04 and a 200 day moving average price of $48.38.

Sprott (NYSE:SII - Get Free Report) last posted its quarterly 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 net margin of 27.53% and a return on equity of 15.34%. The firm had revenue of $37.38 million for the quarter, compared to analyst estimates of $40.48 million.

Sprott Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, May 20th. Sprott's dividend payout ratio (DPR) is presently 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.