Royce & Associates LP cut its stake in Sprott Inc. (NYSE:SII - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 853,557 shares of the company's stock after selling 25,090 shares during the period. Royce & Associates LP owned approximately 3.31% of Sprott worth $38,240,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Deutsche Bank AG boosted its position in shares of Sprott by 100.7% in 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. Quantbot Technologies LP boosted its position in shares of Sprott by 135.7% in the fourth quarter. Quantbot Technologies LP now owns 4,269 shares of the company's stock worth $180,000 after acquiring an additional 2,458 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Sprott in the fourth quarter worth approximately $228,000. Virtu Financial LLC acquired a new position in Sprott during the fourth quarter valued at approximately $229,000. Finally, Fidelis Capital Partners LLC acquired a new position in Sprott during the first quarter valued at approximately $247,000. 28.30% of the stock is owned by institutional investors and hedge funds.
Sprott Price Performance
SII stock traded down $0.85 during midday trading on Friday, reaching $70.90. 151,577 shares of the company's stock traded hands, compared to its average volume of 159,366. The company has a market capitalization of $1.83 billion, a P/E ratio of 36.93 and a beta of 1.04. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $77.16. The business has a 50-day moving average price of $65.45 and a two-hundred day moving average price of $52.45.
Sprott (NYSE:SII - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.14. Sprott had a net margin of 27.53% and a return on equity of 15.34%. The firm had revenue of $37.38 million for the quarter, compared to analysts' expectations of $40.48 million.
Sprott Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.69%. Sprott's payout ratio is currently 62.50%.
Analysts Set New Price Targets
Separately, TD Securities cut shares of Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday.
Get Our Latest Research Report on Sprott
About Sprott
(
Free Report)
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.
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