Jane Street Group LLC Lowers Holdings in Sprott Inc. (NYSE:SII)

Jane Street Group LLC cut its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 81.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,589 shares of the company's stock after selling 28,952 shares during the period. Jane Street Group LLC's holdings in Sprott were worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SII. Kohmann Bosshard Financial Services LLC bought a new stake in Sprott during the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new position in Sprott in the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its stake in shares of Sprott by 919.8% during the 4th quarter. Jones Financial Companies Lllp now owns 826 shares of the company's stock worth $35,000 after acquiring an additional 745 shares during the last quarter. US Bancorp DE grew its position in shares of Sprott by 40.3% during the 4th quarter. US Bancorp DE now owns 1,044 shares of the company's stock valued at $44,000 after acquiring an additional 300 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Sprott during the 4th quarter valued at $145,000. 28.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sprott Stock Performance

Sprott stock traded up $1.08 during midday trading on Thursday, hitting $62.03. The stock had a trading volume of 181,917 shares, compared to its average volume of 160,848. Sprott Inc. has a 52-week low of $38.41 and a 52-week high of $62.81. The company has a market capitalization of $1.60 billion, a PE ratio of 34.08 and a beta of 0.98. The firm's fifty day moving average is $51.84 and its two-hundred day moving average is $46.13. 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 (NYSE:SII - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.14. The business had revenue of $37.38 million during the quarter, compared to analyst estimates 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 declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders 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 yield of 1.93%. Sprott's payout ratio is presently 62.50%.

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.