Jump Financial LLC Decreases Stock Position in Sprott Inc. $SII

Jump Financial LLC lessened its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 36.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,386 shares of the company's stock after selling 4,314 shares during the period. Jump Financial LLC's holdings in Sprott were worth $331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tacita Capital Inc purchased a new stake in Sprott during the 1st quarter valued at $35,000. Deutsche Bank AG raised its holdings in Sprott by 100.7% during the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock valued at $91,000 after buying an additional 1,086 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Sprott in the first quarter worth $247,000. Y Intercept Hong Kong Ltd purchased a new stake in Sprott in the first quarter worth $247,000. Finally, Essex Financial Services Inc. increased its stake in Sprott by 9.2% in the first quarter. Essex Financial Services Inc. now owns 5,678 shares of the company's stock worth $255,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 28.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, TD Securities lowered Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sprott presently has a consensus rating of "Moderate Buy".

Sprott Stock Up 3.1%

SII stock opened at $67.97 on Wednesday. The business's fifty day simple moving average is $68.25 and its two-hundred day simple moving average is $56.91. Sprott Inc. has a twelve month low of $38.44 and a twelve month high of $77.16. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 35.22 and a beta of 1.01.

Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.38 by $0.14. The firm had revenue of $41.97 million for the quarter, compared to analyst estimates of $44.66 million. Sprott had a return on equity of 15.04% and a net margin of 25.21%.

Sprott Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Sprott's dividend payout ratio (DPR) is currently 62.18%.

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.

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