Nuveen Asset Management LLC Decreases Holdings in Sprott Inc. (NYSE:SII)

Nuveen Asset Management LLC trimmed its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 33.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,070 shares of the company's stock after selling 88,785 shares during the period. Nuveen Asset Management LLC owned about 0.68% of Sprott worth $7,373,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Sprott by 2,580.1% in the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after purchasing an additional 153,233 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Sprott by 49.8% in the 4th quarter. Lazard Asset Management LLC now owns 24,272 shares of the company's stock worth $1,023,000 after buying an additional 8,068 shares during the period. Deutsche Bank AG lifted its holdings in shares of Sprott by 100.7% in the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock worth $91,000 after buying an additional 1,086 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Sprott by 34.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 10,900 shares of the company's stock worth $459,000 after buying an additional 2,800 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Sprott by 142.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 34,442 shares of the company's stock valued at $1,452,000 after buying an additional 20,227 shares during the period. 28.30% of the stock is currently owned by institutional investors.

Sprott Stock Down 0.1%

Shares of SII traded down $0.03 during mid-day trading on Friday, hitting $58.01. The company's stock had a trading volume of 297,196 shares, compared to its average volume of 129,263. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company's 50-day moving average is $50.91 and its 200-day moving average is $45.76. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $59.14. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 31.87 and a beta of 0.98.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 27.38% and a return on equity of 15.02%.

Sprott Dividend Announcement

The business 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 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 yield of 2.07%. Sprott's dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

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

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.