Millennium Management LLC Has $6.71 Million Stock Holdings in Sprott Inc. (NYSE:SII)

Millennium Management LLC grew its holdings in Sprott Inc. (NYSE:SII - Free Report) by 2,580.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,172 shares of the company's stock after acquiring an additional 153,233 shares during the quarter. Millennium Management LLC owned 0.62% of Sprott worth $6,709,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SII. SG Americas Securities LLC bought a new position in shares of Sprott during the fourth quarter worth about $145,000. Caprock Group LLC grew its holdings in shares of 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 buying an additional 233 shares in the last quarter. Essex Financial Services Inc. bought a new position in shares of Sprott during the fourth quarter worth about $219,000. Meixler Investment Management Ltd. bought a new position in shares of Sprott during the fourth quarter worth about $273,000. Finally, O Brien Greene & Co. Inc grew its holdings in shares of Sprott by 42.1% during the fourth quarter. O Brien Greene & Co. Inc now owns 27,015 shares of the company's stock worth $1,139,000 after buying an additional 8,000 shares in the last quarter. 28.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sprott Stock Down 0.7%

Shares of Sprott stock traded down $0.41 on Thursday, reaching $58.09. 163,626 shares of the company were exchanged, compared to its average volume of 128,919. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 31.92 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 Inc. has a one year low of $38.41 and a one year high of $59.14. The company has a 50-day moving average of $50.37 and a 200 day moving average of $45.55.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 EPS 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 the consensus estimate of $40.48 million. Sprott had a return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, May 20th. Sprott's payout ratio is presently 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.