Two Sigma Investments LP Grows Stock Holdings in Sprott Inc. (NYSE:SII)

Two Sigma Investments LP grew its position in shares of Sprott Inc. (NYSE:SII - Free Report) by 116.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,506 shares of the company's stock after buying an additional 43,821 shares during the quarter. Two Sigma Investments LP owned 0.32% of Sprott worth $3,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SII. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott during the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new stake in shares of Sprott during the 4th quarter valued at $27,000. Jones Financial Companies Lllp raised its position in shares of Sprott by 919.8% during 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 during the period. US Bancorp DE raised 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 purchasing an additional 300 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Sprott by 100.7% during the 4th quarter. Deutsche Bank AG now owns 2,164 shares of the company's stock valued at $91,000 after purchasing an additional 1,086 shares during the period. Hedge funds and other institutional investors own 28.30% of the company's stock.

Wall Street Analyst Weigh In

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

Sprott Trading Up 1.2%

Shares of SII stock traded up $0.73 during trading hours on Tuesday, reaching $60.04. 160,571 shares of the stock were exchanged, compared to its average volume of 130,328. Sprott Inc. has a 12-month low of $38.41 and a 12-month high of $60.22. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The company's 50-day moving average price is $51.50 and its 200-day moving average price is $46.03. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 32.99 and a beta of 0.98.

Sprott (NYSE:SII - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.14. The company had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million. Sprott had a net margin of 27.38% and a return on equity of 15.02%.

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 given 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 2.00%. Sprott's dividend payout ratio (DPR) is 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.