Man Group plc Makes New Investment in Sprott Inc. (NYSE:SII)

Man Group plc bought a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,491 shares of the company's stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new position in Sprott in the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Sprott in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its stake in shares of Sprott by 919.8% in 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 in the last quarter. 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 worth $44,000 after buying an additional 300 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Sprott by 100.7% during 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 last quarter. Institutional investors own 28.30% of the company's stock.

Analyst Upgrades and Downgrades

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

Sprott Stock Performance

NYSE SII traded up $0.41 on Wednesday, reaching $58.58. The stock had a trading volume of 198,374 shares, compared to its average volume of 128,780. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.30 and a quick ratio of 3.30. The firm has a fifty day moving average of $50.37 and a two-hundred day moving average of $45.55. Sprott Inc. has a 1-year low of $38.41 and a 1-year high of $59.14. The company has a market cap of $1.51 billion, a P/E ratio of 32.19 and a beta of 0.98.

Sprott (NYSE:SII - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million.

Sprott Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.05%. Sprott's payout ratio 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.