Y Intercept Hong Kong Ltd Buys Shares of 5,503 Sprott Inc. (NYSE:SII)

Y Intercept Hong Kong Ltd purchased a new position in shares of Sprott Inc. (NYSE:SII - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,503 shares of the company's stock, valued at approximately $247,000.

A number of other hedge funds also recently modified their holdings of SII. Man Group plc bought a new position in Sprott during the fourth quarter worth $484,000. Intact Investment Management Inc. raised its stake in 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 last quarter. Millennium Management LLC raised its stake in Sprott by 2,580.1% during the fourth quarter. Millennium Management LLC now owns 159,172 shares of the company's stock worth $6,709,000 after buying an additional 153,233 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Sprott during the first quarter worth $247,000. Finally, Harbour Capital Advisors LLC bought a new position in Sprott during the first quarter worth $446,000. Institutional investors and hedge funds own 28.30% of the company's stock.

Sprott Price Performance

Shares of NYSE SII traded down $0.86 during mid-day trading on Friday, reaching $66.50. 191,999 shares of the company's stock traded hands, compared to its average volume of 180,308. The stock has a market cap of $1.72 billion, a P/E ratio of 35.08 and a beta of 1.04. The business has a 50-day simple moving average of $66.40 and a 200 day simple moving average of $53.20. Sprott Inc. has a 1-year low of $38.41 and a 1-year high of $77.16.

Sprott (NYSE:SII - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $37.38 million during the quarter, compared to analysts' expectations of $40.48 million. Sprott had a net margin of 27.53% and a return on equity of 15.34%.

Sprott Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.20 annualized dividend and a yield of 1.8%. Sprott's payout ratio is 62.50%.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded shares of Sprott from a "buy" rating to a "hold" rating in a research note on Tuesday, July 22nd.

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.