Lazard Asset Management LLC Raises Stake in Sprott Inc. (NYSE:SII)

Lazard Asset Management LLC grew its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 49.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,272 shares of the company's stock after acquiring an additional 8,068 shares during the quarter. Lazard Asset Management LLC owned about 0.09% of Sprott worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott during the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new stake in shares of Sprott during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its holdings in shares of 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 acquiring an additional 745 shares in the last quarter. US Bancorp DE increased its holdings 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 in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Sprott by 100.7% during the fourth quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock valued at $91,000 after acquiring an additional 1,086 shares in the last quarter. Institutional investors own 28.30% of the company's stock.

Analysts Set New Price Targets

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

Sprott Stock Up 3.4%

Sprott stock traded up $1.92 during trading on Friday, hitting $57.93. 136,198 shares of the company were exchanged, compared to its average volume of 128,578. The business's 50 day moving average is $49.56 and its 200 day moving average is $45.27. Sprott Inc. has a 52 week low of $38.41 and a 52 week high of $58.08. The company has a market capitalization of $1.49 billion, a P/E ratio of 31.83 and a beta of 0.98. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06.

Sprott (NYSE:SII - Get Free Report) last announced 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 return on equity of 15.02% and a net margin of 27.38%. The business had revenue of $37.38 million during the quarter, compared to the consensus estimate of $40.48 million.

Sprott Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.20 annualized dividend and a yield of 2.07%. Sprott's dividend payout ratio (DPR) is currently 62.50%.

Sprott 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.