SG Americas Securities LLC Grows Position in Sprott Inc. (NYSE:SII)

SG Americas Securities LLC lifted its holdings in shares of Sprott Inc. (NYSE:SII - Free Report) by 137.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,138 shares of the company's stock after purchasing an additional 4,706 shares during the quarter. SG Americas Securities LLC's holdings in Sprott were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sprott Inc. raised its position in Sprott by 6.9% in the 4th quarter. Sprott Inc. now owns 1,561,188 shares of the company's stock valued at $65,835,000 after purchasing an additional 100,585 shares in the last quarter. WR Wealth Planners LLC raised its position in Sprott by 11.9% in the 4th quarter. WR Wealth Planners LLC now owns 7,990 shares of the company's stock valued at $337,000 after purchasing an additional 850 shares in the last quarter. US Bancorp DE raised its position in Sprott by 40.3% in the 4th quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after purchasing an additional 300 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott in the 4th quarter valued at about $25,000. Finally, Jones Financial Companies Lllp raised its position in Sprott by 919.8% in the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock valued at $35,000 after purchasing an additional 745 shares in the last quarter. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Stock Up 4.7%

NYSE:SII opened at $67.69 on Thursday. The stock's 50 day moving average price is $57.74 and its 200 day moving average price is $48.23. The company has a market capitalization of $1.75 billion, a PE ratio of 35.26 and a beta of 1.00. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $67.96.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.14. The firm had revenue of $37.38 million for the quarter, compared to the consensus estimate of $40.48 million. Sprott had a return on equity of 15.34% and a net margin of 27.53%.

Sprott Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a $0.30 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.77%. Sprott's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analysts Forecast Growth

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

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.

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