Two Sigma Advisers LP Has $2.07 Million Stock Holdings in Sprott Inc. (NYSE:SII)

Two Sigma Advisers LP increased its holdings in Sprott Inc. (NYSE:SII - Free Report) by 367.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,100 shares of the company's stock after purchasing an additional 38,600 shares during the quarter. Two Sigma Advisers LP owned 0.19% of Sprott worth $2,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Caprock Group LLC raised its holdings in shares of Sprott by 3.3% in the 4th quarter. Caprock Group LLC now owns 7,358 shares of the company's stock worth $310,000 after purchasing an additional 233 shares in the last quarter. US Bancorp DE raised its holdings in shares of Sprott by 40.3% during the fourth 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. LPL Financial LLC raised its holdings in shares of Sprott by 1.2% during the fourth quarter. LPL Financial LLC now owns 32,040 shares of the company's stock valued at $1,351,000 after acquiring an additional 392 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Sprott by 2.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,631 shares of the company's stock valued at $744,000 after acquiring an additional 476 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott during the fourth quarter valued at approximately $25,000. 28.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Sprott Trading Down 0.1%

Shares of SII stock traded down $0.03 during trading hours on Friday, reaching $58.01. 297,196 shares of the stock traded hands, compared to its average volume of 129,263. Sprott Inc. has a 1-year low of $38.41 and a 1-year high of $59.14. The business has a fifty day moving average price of $50.91 and a 200 day moving average price of $45.78. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.50 billion, a PE ratio of 31.87 and a beta of 0.98.

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, beating analysts' consensus estimates of $0.32 by $0.14. Sprott had a net margin of 27.38% and a return on equity of 15.02%. The business had revenue of $37.38 million for the quarter, compared to analyst estimates of $40.48 million.

Sprott Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.20 annualized dividend and a yield of 2.07%. Sprott's dividend 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.