Nuveen Asset Management LLC Sells 88,785 Shares of Sprott Inc. (NYSE:SII)

Nuveen Asset Management LLC lessened its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 33.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,070 shares of the company's stock after selling 88,785 shares during the quarter. Nuveen Asset Management LLC owned about 0.68% of Sprott worth $7,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Sprott by 2,580.1% during the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after acquiring an additional 153,233 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Sprott by 9.9% during the fourth quarter. JPMorgan Chase & Co. now owns 114,219 shares of the company's stock worth $4,817,000 after purchasing an additional 10,302 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Sprott by 49.8% during the fourth quarter. Lazard Asset Management LLC now owns 24,272 shares of the company's stock worth $1,023,000 after purchasing an additional 8,068 shares during the period. Norges Bank purchased a new position in Sprott during the fourth quarter valued at approximately $20,936,000. Finally, Raymond James Financial Inc. purchased a new stake in Sprott in the 4th quarter worth approximately $2,531,000. 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 note on Friday, March 7th. They issued an "outperform" rating on the stock.

Sprott Stock Performance

Shares of SII stock traded up $0.73 during trading on Tuesday, reaching $60.04. The company had a trading volume of 160,571 shares, compared to its average volume of 130,328. The firm's 50 day simple moving average is $51.50 and its two-hundred day simple moving average is $46.03. Sprott Inc. has a one year low of $38.41 and a one year high of $60.20. 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 company has a market capitalization of $1.55 billion, a PE ratio of 32.99 and a beta of 0.98.

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

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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, May 20th. 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.