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

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

A number of other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Investments LP grew its position in shares of Sprott by 116.3% in the fourth quarter. Two Sigma Investments LP now owns 81,506 shares of the company's stock valued at $3,437,000 after purchasing an additional 43,821 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Sprott by 20.8% during the 4th quarter. Point72 Asset Management L.P. now owns 15,100 shares of the company's stock valued at $637,000 after purchasing an additional 2,600 shares during the period. Man Group plc acquired a new stake in Sprott in the 4th quarter valued at approximately $484,000. Millennium Management LLC grew its holdings in Sprott by 2,580.1% in the 4th quarter. Millennium Management LLC now owns 159,172 shares of the company's stock valued at $6,709,000 after buying an additional 153,233 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Sprott by 49.8% in the 4th quarter. Lazard Asset Management LLC now owns 24,272 shares of the company's stock worth $1,023,000 after buying an additional 8,068 shares during the period. 28.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sprott Stock Performance

Sprott stock traded up $1.21 during trading hours on Monday, hitting $59.17. The stock had a trading volume of 296,952 shares, compared to its average volume of 129,933. The company has a 50-day moving average of $51.20 and a two-hundred day moving average of $45.93. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Inc. has a fifty-two week low of $38.41 and a fifty-two week high of $59.79. The company has a market cap of $1.53 billion, a PE ratio of 32.51 and a beta of 0.98.

Sprott (NYSE:SII - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, beating 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 return on equity of 15.02% and a net margin of 27.38%.

Sprott Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, May 20th. Sprott's dividend payout ratio (DPR) is presently 62.50%.

Sprott Company Profile

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.