Raymond James Financial Inc. Has $2.93 Million Stock Holdings in Sprott Inc. $SII

Raymond James Financial Inc. boosted its stake in shares of Sprott Inc. (NYSE:SII - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,247 shares of the company's stock after purchasing an additional 5,220 shares during the period. Raymond James Financial Inc. owned approximately 0.25% of Sprott worth $2,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SII. Man Group plc acquired a new stake in Sprott in the 4th quarter valued at $484,000. Intact Investment Management Inc. boosted its position in shares of Sprott by 92.8% during the first quarter. Intact Investment Management Inc. now owns 26,800 shares of the company's stock worth $1,201,000 after buying an additional 12,900 shares during the period. Millennium Management LLC boosted its holdings in 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 period. Fidelis Capital Partners LLC acquired a new stake in Sprott in the 1st quarter valued at about $247,000. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Sprott in the 1st quarter valued at about $446,000. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Sprott Trading Up 1.1%

SII traded up $0.75 on Wednesday, reaching $68.91. The company had a trading volume of 74,375 shares, compared to its average volume of 169,157. The company has a fifty day moving average of $68.20 and a 200-day moving average of $57.76. Sprott Inc. has a one year low of $38.88 and a one year high of $77.16. The company has a market capitalization of $1.78 billion, a P/E ratio of 35.71 and a beta of 1.01.

Sprott (NYSE:SII - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.38 by $0.14. The business had revenue of $41.97 million during the quarter, compared to analyst estimates of $44.66 million. Sprott had a net margin of 25.21% and a return on equity of 15.04%.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Sprott's dividend payout ratio (DPR) is 62.18%.

Analyst Ratings Changes

Separately, TD Securities cut Sprott from a "buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

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.