Lazard Asset Management LLC Acquires 8,068 Shares of Sprott Inc. (NYSE:SII)

Lazard Asset Management LLC increased its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,272 shares of the company's stock after acquiring an additional 8,068 shares during the quarter. Lazard Asset Management LLC owned approximately 0.09% of Sprott worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Caprock Group LLC lifted its holdings in Sprott by 3.3% during the fourth quarter. Caprock Group LLC now owns 7,358 shares of the company's stock worth $310,000 after acquiring an additional 233 shares during the period. US Bancorp DE increased its position in Sprott by 40.3% in the fourth quarter. US Bancorp DE now owns 1,044 shares of the company's stock worth $44,000 after buying an additional 300 shares during the last quarter. LPL Financial LLC increased its position in Sprott by 1.2% in the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock worth $1,351,000 after buying an additional 392 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Sprott by 2.8% in the fourth 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 during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Sprott in the fourth quarter worth $25,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SII has been the subject of a number of recent research reports. Canaccord Genuity Group initiated coverage on Sprott in a research report on Tuesday, January 21st. They issued a "buy" rating for the company. BMO Capital Markets initiated coverage on Sprott in a research report on Friday, March 7th. They issued an "outperform" rating for the company.

Sprott Price Performance

Shares of NYSE SII opened at $56.30 on Tuesday. The stock has a market cap of $1.45 billion, a PE ratio of 30.93 and a beta of 0.98. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $56.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a fifty day moving average of $48.44 and a 200-day moving average of $44.91.

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, beating the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is 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.

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